100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
RMIN 4000 Test 3|40 Answered Questions $8.49   Add to cart

Exam (elaborations)

RMIN 4000 Test 3|40 Answered Questions

 0 view  0 purchase
  • Course
  • RMIN 4000
  • Institution
  • RMIN 4000

RMIN 4000 Test 3|40 Answered Questions

Preview 1 out of 4  pages

  • November 6, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RMIN 4000
  • RMIN 4000
avatar-seller
Nursephil2023
RMIN 4000 Test 3|40 Answered
Questions
A combined ration grater than 1 (or 100 percent) means that an underwriting
loss has occurred - -Which of the following statements about the combined
ratio is true?

- Because insurance contracts are conditional - -Why can an insurer refuse
to pay a claim if an insured fails to abide by the policy provisions?

- Experience rating - -Under one type of merit rating, the class or manual
rate is adjusted upward or downward based on past loss history. This type of
merit rating is called

- Subrogation helps hold down the cost of insurance - -Which of the
following statements about subrogation is true?

- Liabilities - -A property and liability insurance company's loss reserve and
unearned premium reserve are

- Paul v. Virginia - -The right of the states to regulate the business of
insurance was first established by

- $8 million - -AMB Mutual Insurance company has total assets of $10
million. The policyholders surplus is $2 million. What is AMB Mutals total
liabilities?

- National insurers are at a competitive disadvantage under the present
system - -The major argument in favor of an optional federal charter for
insurers is that

- to reduce moral hazard - -Which of the following is a fundamental purpose
of the principle of indemnity?

- Risk-based capital standards - -Which of the following is a method used to
help ensure the solvency of insurers?

- The McCarran-Ferguson Act - -The basis for current state regulations of
insurance

- The National Association of Insurance Commissioners (NAIC) can force
states to adopt the model laws that it drafts - -All of the following
statements about insurance regulation are true except

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursephil2023. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85169 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$8.49
  • (0)
  Add to cart