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Author Question: Which of the following is a method used to help ensure the solvency of insurers? A) commercial ... (Read 51 times)

APUS57

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on: Jul 11, 2018
Which of the following is a method used to help ensure the solvency of insurers?
 
  A) commercial lines deregulation
  B) risk-based capital standards
  C) use of credit-based insurance scores
  D) use of no filing required rating laws

Question 2

The National Association of Insurance Commissioners (NAIC) administers an early warning system to help ensure insurance company solvency.
 
  This system uses data provided in the annual statement to identify companies that may pose a solvency risk. This early warning system is called
  A) the risk-based capital requirements.
  B) an insurance guaranty fund.
  C) the Insurance Regulatory Information System (IRIS).
  D) the assessment method.


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cclemon1

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C


APUS57

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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