The policyholders’ surplus of an insurer is defined as the difference between its

Antonio is a claims adjustor for LMN Insurance Company. After the insurer is notified that there has been a loss, Antonio meets with the insured. The first step in the claims process that Antonio should follow is to

Which of the following statements about the regulation of insurance company investments is (are) true?I.The purpose of regulating insurance company investments is to prevent insurers from making unsound investments which could threaten their solvency.II.Life insurers can invest an unlimited amount of their assets in common stocks.

Which of the following statements is true regarding the information systems functional area of an insurance company?I.Computers and information systems are able to perform some tasks that previously were performed directly by employees. II.Information systems can speed the processing of policies by insurers.

Why are some mutual insurers referred to as “assessment mutuals”?

The major argument in favor of an optional federal charter for insurers is that

Which of the following statements about reciprocal exchanges is (are) true?I.Reciprocal exchanges usually specialize in health insurance.II.Reciprocal exchanges are unincorporated mutual insurance companies.

An insurance company chartered in another country has been licensed to operate in your state. In your state, the insurer would be considered a(n)

Which of the following is an advantage of federal regulation of insurance over state regulation of insurance?

Which of the following statements about state insurance guaranty funds is (are) true?I.They limit the amount that policyholders can collect if an insurer becomes insolvent.II.They are usually funded by general revenues of the states.