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 70 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
:D TYSM

tkempin

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

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,
Organs of the digestive system. Organs of the digestive system.
The lymphatic system. The lymphatic system.
The digestive system. The digestive system.
Male Reproductive System - Spermatic cord Male Reproductive System - Spermatic cord
Elimination, System of Linear Equations Elimination, System of Linear Equations
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library