Learn about the mandatory continuing education requirements for insurance professionals, essential for renewing your insurance license. Understand the stipulated hours and state enforcement.
Discover the importance of the Regulatory Information Retrieval Service (RIRS) in general insurance, developed by the NAIC, for tracking actions by state insurance departments.
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 the liberalization clause in property insurance and how it ensures policies are updated to meet legislative or rating authority changes without additional premiums.
Learn about the concept of 'statutory' in general insurance terms, which refers to mandates established by law or statute. Understand its implications in the insurance domain.
Learn about the Appleton Rule, a crucial regulation requiring every insurer in New York to comply with the New York Insurance Code, even if they operate in other states.
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 Permit Bonds (Surety), which promise adherence to laws governing specific activities for which a permit is issued. Understand their importance in regulatory compliance.
Learn about market conduct in the insurance industry, encompassing sales, marketing, and product issuance, ensuring compliance with laws and regulations.
Learn the importance and details of an annual statement in general insurance terms, a mandatory financial report submitted by insurers to state insurance departments.
Understand what a Cease and Desist Order is in legal terminology. Learn how this court order requires an entity to halt specific practices and how it relates to insurance regulations.
Understand File and Use Rating Laws, state regulations that allow insurers to implement new rates without obtaining prior approval from the insurance department. Discover its implications in the insurance industry.
Learn about what it means to be a party in interest in the context of pensions, including the roles of medical professionals and employees responsible for establishing pension plans.
Understand the importance of license and permit bonds, mandated by governing jurisdictions to ensure compliance in various occupations, such as plumbers.
A comprehensive guide that explains the necessity and importance of the Summary Annual Report, a mandatory document sent to each pension plan participant annually.
Learn about fictitious groups in insurance, which are fabricated entities created to purchase insurance, and are prohibited by law.
Learn about the ratio test in pensions, a test ensuring equitable coverage where a certain number of lower-paid employees benefit, equaling 70% of higher-paid employees.
