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Author Question: One method of ensuring the solvency of insurers is a periodic review, every three to five years, of ... (Read 13 times)

mcmcdaniel

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on: Jul 11, 2018
One method of ensuring the solvency of insurers is a periodic review, every three to five years, of insurers that operate on a multistate basis. This review is coordinated by the NAIC. This review is called a(n)
 
  A) annual report.
  B) early warning system.
  C) field examination.
  D) inspection report.

Question 2

Fundamental purposes of the principle of indemnity include which of the following? I. To reduce physical hazards II. To prevent the insured from profiting from insurance
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


briseldagonzales

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

Answer: C

Answer to Question 2

Answer: B


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