The National Association of Insurance Commissioners (NAIC) administers an "early warning system" to help ensure insurance company solvency.This system uses data provided in the annual statement to identify companies that may pose a solvency risk.This early warning system is called
A) the risk-based capital requirements.
B) an insurance guaranty fund.
C) the Insurance Regulatory Information System (IRIS) .
D) the assessment method.
Correct Answer:
Verified
Q30: Which of the following is a principal
Q31: XYZ Mutual Insurance Company has total assets
Q32: All of the following are arguments in
Q33: A life insurance company based in Canada
Q34: A score derived from an individual's credit
Q36: State X's premium tax rate is 2
Q37: All of the following statements about insurance
Q38: Mutual Property Insurance Company has a surplus
Q39: Which of the following statements concerning the
Q40: The major reasons for insurer insolvency include
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents