Blog

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

When a fraternal insurer began operations, it asked each member, regardless of age, to pay $20 per month to the fraternal’s group life insurance plan. In exchange, each member received the same amount of life insurance. Soon younger members of the group began to drop out when they realized their premiums were subsidizing a group with a higher chance of loss. Which important underwriting principle was violated in this case?

Kim purchased a one-year property insurance policy. She agreed to pay half the premium when she bought the coverage, and the other half six months later. If Kim fails to pay the second premium, the insurer cannot sue her for the premium because insurance contracts are

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 is a method used to help ensure the solvency of insurers?

When must an insurable interest legally exist in life insurance?

Why does the insured get the benefit of the doubt if an insurance policy contains any ambiguities or uncertainties?

Which of the following statements is (are) true about life insurance company investments?I.The majority of life insurance company general account assets are invested in bonds. II.The majority of life insurance company separate account assets are invested in stocks.

Who are the suppliers for business metadata?

When reviewing a data model, completeness of metadata is one of the criteria. What does completeness mean in this context?