Exam (elaborations)
160 Foundations of Insurance Regulation.
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- Nursing 220 Final Exam Review
160 Foundations of Insurance Regulation.
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160 Foundations of Insurance Regulation_____________ is a system designed to enable companies to send and state to
receive, comment on, and approve or reject insurance industry rate and form filings.
NIPR
SBS
IIPRC
SERFF
Optins
UCAA - ANS-SERFF
______________ is a comprehensive web-based application to enable your state
insurance department to more efficiently and effectively process license applications,
renewals, inquiries, complaints, enforcement actions, etc. with a minimum of effort and
remain compliant with national uniformity initiatives.
SERFF
SBS
Optins
IIPRC
UCAA
NIPR - ANS-SBS
A ________________ is a non-insurance entity that allows a third party to purchase a
life insurance product from the owner at less than the policy benefit limits.
Viatical Settlement Provider
Public Adjuster
Rating Organization
Pharmacy Benefit Manager - ANS-Viatical Settlement Provider
A _________________ is a non-insurance entity that allows a person licensed to
negotiate claims on the claimant's behalf, and usually receives a percentage of the
claim settlement as compensation.
Public Adjuster
Pharmacy Benefit Manager
Rating Organization
, Viatical Settlement Provider - ANS-Public Adjuster
A _________________ is a non-insurance entity whose objectives are the making and
filing of rates, rating plans, rating systems, or rules and may also examine policies, daily
reports, binders, renewal certificates, endorsements, and other evidences of insurance
for any member or subscriber requesting such service.
Viatical Settlement Provider
Public Adjuster
Rating Organization
Pharmacy Benefit Manager - ANS-Rating Organization
An ____________ ______________ must have an agreement, capacity to contract,
consideration, and legal purpose to be enforceable.
insurance premium
acceptance letter
admited insurer
insurance contract - ANS-insurance contract
An NAIC White Paper is considered a Model Law and therefore requires uniform
enactment.
True
False - ANS-False
As stated in Section 3 of the Unfair Trade Practices Act, what is a determining factor for
an unfair trade practice?
a. It has been committed with such frequency to indicate a general business practice to
engage in that type of conduct.
b. It has been committed as a conscious behavior and does not comply with a state's
regulation.
c. It has been committed with such disregard for customer satisfaction and the conduct
has been repeated more than once.
d. It has been committed frequently in several different states. - ANS-a. It has been
committed with such frequency to indicate a general business practice to engage in that
type of conduct.
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