Insurers adhere to classification and rating plans

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Reference no: EM132197754

1. Which one of the following are conducted periodically by State Departments of Insurance to ensure that insurers adhere to the classification and rating plans they have filed?

a. Market conduct examination

b. Underwriting review

c. Financial review

d. Book of business examination

2. Which one of the following is the broad term for any of several kinds of insurance personnel who place insurance and surety business with insurers and who represent either insurers or insureds or both?

a. Insurance provider

b. Insurance broker

c. Insurance producer

d. Insurance agent

3. Which one of the following is a line underwriting activity?

a. Formulate underwriting policy

b. Classify and price accounts

c. Research and develop coverage forms

d. Revise underwriting guidelines

4. Which one of the following is an outside organization or person hired by an insured to represent the insured in a claim in exchange for a fee?

a. Independent adjuster

b. Third-party administrator

c. Staff Claim Representative

d. Public adjuster

Reference no: EM132197754

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