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Author Question: A life insurance company based in Canada was licensed to operate in Massachusetts. When operating in ... (Read 36 times)

karen

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  • Posts: 537
on: Jul 11, 2018
A life insurance company based in Canada was licensed to operate in Massachusetts. When operating in Massachusetts, the Canadian insurer would be considered a(n)
 
  A) domestic insurer.
  B) captive insurer.
  C) foreign insurer.
  D) alien insurer.

Question 2

The major reasons for insurer insolvency include which of the following? I. Inadequate pricing and loss reserves II. Rapid growth and inadequate surplus
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Liddy

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

Answer: D

Answer to Question 2

Answer: C


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