Which one of the following may become accredited under the National Association of Insurance Commissioners (NAIC)...

Which one of the following may become accredited under the National Association of Insurance Commissioners (NAIC) Accreditation program?

Select one:

a. Admitted lines insurers

b. Surplus lines insurers

c. Surplus lines intermediaries

d. State Departments of Insurance

Solutions

Expert Solution

Answer is B

This may become accredited under the National Association of Insurance Commissioners (NAIC) Accreditation program?

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

The National Association of Insurance Commissioners is involved in the regulation of insurance through which of...

The National Association of Insurance Commissioners is involved in the regulation of insurance through which of the following: I. Direct involvement through the development of specific regulations for all states to follow II. The regulation of the insurance commissioners of all states III. Indirectly, by the exchange of information and preparation of recommendations IV. Assuring that the insurance of all states are somewhat uniform V. Accrediting state insurance regulatory offices a.) I, II and V only b.) I and IV...

What is one of the principal goals of the National Association of Insurance Commissioners (NAIC)? a....

What is one of the principal goals of the National Association of Insurance Commissioners (NAIC)? a. Consumer protection. b. Standardize reserve requirements. c. Fair and orderly markets. d. None of the above.

The average annual cost of automobile insurance is $795 (National Association of Insurance Commissioners, 2007). Use...

The average annual cost of automobile insurance is $795 (National Association of Insurance Commissioners, 2007). Use this value as the population mean and assume that the population standard deviation is σ=$100. Consider a sampling distribution with sample size of 50 automobile insurance policies. a. What is the standard error of the mean for the distribution of sample means of insurance costs? b. What is the probability that the sample mean is within $50 (between $745 and $845) of the population...

Which one of the following statements about accredited investors is NOT true (choose one): a. If...

Which one of the following statements about accredited investors is NOT true (choose one): a. If start-ups want funding from angels or VCs, they must ensure these investors are accredited. b. The SEC does not officially certify accredited investors for each transaction. c. A start-up can get funding from its founders, even if they are not accredited. d. If start-ups issue an IPO, they must ensure that investors are accredited. e. Accredited investors must have enough personal financial strength to...

The National Collegiate Athletic Association (NCAA) restricts the amount that colleges and universities may pay their...

The National Collegiate Athletic Association (NCAA) restricts the amount that colleges and universities may pay their student-athletes. Suppose that there are just two colleges in the NCAA: Ivy and State. Each must choose between paying athletes according to NCAA rules and paying more. If both Ivy and State follow the NCAA salaries, then each would earn $3 million. If one follows the NCAA salaries and the other pays more than NCAA salaries, then the college paying more can attract better...

The National Collegiate Athletic Association (NCAA) restricts the amount that colleges and universities may pay their...

The National Collegiate Athletic Association (NCAA) restricts the amount that colleges and universities may pay their student athletes. Suppose that there are just two colleges in the NCAA: Ivy and State. Each must choose between paying athletes according to NCAA rules and paying more. If both Ivy and State follow the NCAA salaries, then each would earn $3 million. If one follows the NCAA salaries and the other pays more than NCAA salaries, then the college paying more can attract...

Liabilities of insurance companies may include all but which of the following?

Liabilities of insurance companies may include all but which of the following?Policy claims.Contract loans.Net policy reserves.Deposit-type contracts.Separate account business.

Which of the following statements is incorrect? A. Insurance provides a payment to the insured under...

Which of the following statements is incorrect? A. Insurance provides a payment to the insured under conditions specified by the insurance policy contract. B. Individuals who are less exposed to specific conditions that cause financial damage are more likely to purchase insurance against those conditions. C. Insurance can cause the insured to take more risks because they are protected. D. Insurance companies employ underwriters to calculate the risk of specific insurance policies.

Which of the following is NOT a reason that Disability Insurance may be more important than...

Which of the following is NOT a reason that Disability Insurance may be more important than Life Insurance? Disability Insurance will often have a higher capital (lump sum) payout than Life Insurance. The likelihood of becoming disabled during a person's employment years is equal to, or greater than, the likelihood of passing away. When a family's primary income earner becomes disables, expenses may increase. In addition to needing his/her pre-disability income, the disabled person may need special equipment, rehabilitation, or...

Which of the following is not one of the five situations in which an auditor may...

Which of the following is not one of the five situations in which an auditor may choose to issue an unqualified audit report with explanatory language? Select one: a. inconsistent application of GAAP b. reference to other auditors c. a justified departure from GAAP d. lack of independence by the auditor

Subjects