Learn about the importance of countersignatures in insurance policies, where a licensed insurance agent or representative's signature validates the policy.
Learn about tariff rates in general insurance, which are derived from the data in the tariff of rates and set forth by a rating organization.
Learn about the Convention Blank, a mandatory annual financial statement for insurance companies required in all states. Understand its purpose, regulatory requirements, and filing process.
Learn about market conduct examinations conducted by state insurance departments to evaluate insurer practices and ensure compliant operations within the state.
Learn about the role of an Insurance Examiner, who administers the examining and auditing of insurers as a representative of the state's insurance department.
Learn about nonadmitted reinsurance, its implications for ceding companies, and the importance of licensing in the jurisdiction where the business is conducted.
Learn about Statutory Accounting Principles (SAP), the legally mandated principles insurers must follow when preparing financial statements for state insurance departments.
Discover the history and illegality of Tontine Policies in life insurance. Learn how these policies worked by paying dividends to surviving policyholders and why they were discontinued.
Understand the role of a conservator in insurance: a court-appointed individual who directs and manages financially troubled insurance companies.
Understand the importance of license and permit bonds, mandated by governing jurisdictions to ensure compliance in various occupations, such as plumbers.
Learn about the role and requirements of a nonresident agent in the insurance industry, including licensing and state-specific regulations.
