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 61 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
Excellent

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

The nucleus and endomembrane system The nucleus and endomembrane system
Renal System Renal System
C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ... C. Wright Mills (1916-1962) was a controversial figure in sociology because of his analysis of the ...
Disorders and Diseases of the Digestive System Cont Disorders and Diseases of the Digestive System Cont
Procedures and Diagnostic Tests Related to the Urinary System Procedures and Diagnostic Tests Related to the Urinary System
The urinary system: Anterior view of the urinary organs of a female The urinary system: Anterior view of the urinary organs of a female
Video: Complement Proteins Animation

For a complete list of videos, visit our video library