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 71 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
Gracias!

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Sexual dimorphism in body size and mating system. Sexual dimorphism in body size and mating system.
Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity, Sagittal section of upper respiratory system illustrating the internal anatomy of the nasal cavity,
The skeletal system. The skeletal system.
Typical port fuel-injection system, indicating the location of various components. Notice that the ... Typical port fuel-injection system, indicating the location of various components. Notice that the ...
Validation of the genetic code by amino acid sequence analysis of T4 phage lysozyme mutants Validation of the genetic code by amino acid sequence analysis of T4 phage lysozyme mutants
Neurotransmitters of the Autonomic Nervous System (1 of 2) Neurotransmitters of the Autonomic Nervous System (1 of 2)
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library