The Director of Insurance has the power to. make reasonable insurance rules and regulations determine standard insurance rales Veto insurance laws issue insurance policies
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The Director of Insurance has the power to.
- make reasonable insurance rules and regulations
- determine standard insurance rales
- Veto insurance laws
- issue insurance policies
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- How does insurance commission assures the investing public on the safety of the insurance products offered in the marketdescribing how the element of "risk" factors into the concept of insurance. cite a specific type of insurance policy and indicate how risk will play into the issuance of the insurance policy.The insurance Commissioner must approve which of the following types of insurance rates prior to their use: A. Fire B. Title C. Inland marine D. Workers Compensation Loss Cost
- Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A Notice Regarding Replacement of Life Insurance or Annuity B.A Notice Regarding Insurance Producer Compensation Schedule C.A Statement of Ethical Practices D. A Comparative Information formThe Insuring clause in an Accident & Health policy states which of the following information? A. The insured's obligations B. The insurance company's obligations C. The risks excluded from coverage D. The cost of the coverageHow tools are used in insurance risk management?
- How does the Insurance Commission assure the investing public on the safety of the Insurance products offered in the market?C. Claim form D. Policy form 20. The written insurance document that may include all clauses, exception and conditions is called O A. endorsement O B. claim form O C. certificate of insurance O D. policy form 21. What is the form that filled out by insured if a loss is suffered? *An insurance refers to a signed agreement between the insured and the insurer. O a. Certificate O b. Premium O c. Security O d. Policy
- Which of the following is a type of captive formed to write most types of liability insurance coverage? A. Risk orientation groups B. Risk reduction groups C. Risk retention groups D. Risk avoidance groupsBriefly explain the difference between an insurance and an assurancepolicy?What are your recommendations for Insurance companies ?
