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Which type of jurisdiction requires an insurer to have its rates


Which is not a primary objective of insurance regulation?

Which of the following is NOT a primary objective of insurance regulation? Insurance Code enforcement Licensing agents Protect policyowners Interpret policy provisions All of these are considered objectives of insurance regulation EXCEPT "interpret policy provisions".

Who can participate in the pre-existing Condition Insurance Plan?

You must be a resident of California to participate in MRMIP. What is the purpose of the Pre-Existing Condition Insurance Plan (PCIP)? PCIP was created by the PPACA for people rejected by private health insurers due to pre-existing conditions

What does it mean to be an admitted insurer?

The insurance term for an insurer which has met the conditions required to transact business in the State of California is "admitted". How many "activities of daily living" must an insured be UNABLE to perform in order to meet the chronically ill requirement of a Long-Term Care policy?




What Is A Mutual Insurer?

A mutual insurance company is a corporation owned by its insureds. Each policyholder is a member of the company and is entitled to vote at any regu...

What Is A Capital Stock Insurance Company?

A capital stock insurance company (stock company) is a corporation operated by individuals who contribute capital to it with the anticipation of ma...

What Is A Reciprocal Insurance Company?

As in a mutual insurance company, policyholders of an inter-insurance exchange (reciprocal) are both the insured and the insurer. There are no stoc...

What Is An Association Insurer?

This type of organization is formed by a number of unincorporated individuals associated together and authorized to operate an insurance business....

What Is A Risk Retention Group?

The insurance business is cyclical and occasionally enters into periods when its capacity and ability to meet the needs of insurance buyers, primar...

What Is A Nuclear Pool?

Every property insurance coverage form or policy excludes loss or damage arising out of nuclear energy exposures. The operators of nuclear faciliti...

What Is A State Insurance Fund?

A number of states established special insurance funds to actually provide insurance. The state acts as the insurer and collects premiums or taxes...


Which type of life insurance accrues a cash value over time quizlet

Which type of life insurance builds cash value and can be borrowed against

Which type of life insurance has no cash value