Which of the following statements is true about types of insurers and licensing requirements?
A) If an insurer has a license in one state, he/she can conduct business in any state in the country.
B) Companies chartered in a state are known as family insurers.
C) Foreign insurers are those formed in another country.
D) Alien insurers are those organized in another state.
E) The commissioner has more control over domestic insurers than alien insurers.
Correct Answer:
Verified
Q38: During the 1990s, the soft market conditions
Q39: Identify the ideal strategy for a market.
A)Self-insurance
B)Risk
Q40: This proposal is also regarded as the
Q41: Nonlicensed insurers are permitted to sell insurance
Q42: In states that use this method, an
Q44: To qualify for a license, an insurer
Q45: Nonadmitted or nonlicensed insurers are also called:
A)alien
Q46: _ insurers are those formed in another
Q47: This act allowed financial institutions to consolidate
Q48: The _ is determined on the basis
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