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.

The percentage change in demand per a percentage change in advertising would be called the

The voluntary relinquishment of a legal right is called

Which of the following statements about the use of risk-based capital requirements is (are) true?I.Insurers must have a certain amount of capital depending on the riskiness of their investments and insurance operations.II.Insurers may be required to take certain actions depending on how much capital they have relative to their risk-based capital requirements.

Which of the following statements about personal producing general agents is (are) true?I.They often have the option of recruiting and training sub-agents. II.They are independent agents who produce substantial amounts of life insurance with one insurer.