This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The purpose of the Financial Analysis Solvency Tracking (FAST) system employed by the NAIC is to ... (Read 65 times)

WhattoUnderstand

  • Hero Member
  • *****
  • Posts: 517
on: Jul 11, 2018
The purpose of the Financial Analysis Solvency Tracking (FAST) system employed by the NAIC is to
 
  A) prioritize insurance companies for additional regulatory action.
  B) quicken the approval of rates in prior approval states.
  C) speed-up the claims settlement process for insurers charged with delaying claims payments.
  D) quickly address market conduct complaints by consumers.

Question 2

A score derived from an individual's credit history and other factors that is used by many auto and homeowners insurers for underwriting and rating purposes is called a(n)
 
  A) CLUE score.
  B) insurance score.
  C) expense ratio score.
  D) combined ratio score.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Toya9913

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

A classification system for living and extinct organisms. A classification system for living and extinct organisms.
Respiratory system Respiratory system
Effects of the Autonomic Nervous System Effects of the Autonomic Nervous System
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
The Lymphatic System The Lymphatic System
Microarray analysis for analyzing gene-expression patterns in a tissue Microarray analysis for analyzing gene-expression patterns in a tissue
Video: Role of transport in a cell

For a complete list of videos, visit our video library