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 Limited Agents in the insurance industry. Understand their restrictions to specific forms of insurance like travel insurance, and state-specific education and licensing exemptions.
Learn about prior approval rating forms, a crucial term in general insurance that mandates insurers to seek state approval before changing rates.
Learn about the role of the Superintendent of Insurance, a title given to the head of an insurance department in certain states or provinces. Frequently referred to as a 'commissioner' in other regions.
Explore the definition, scope, and legal requirements of mandated benefits in health insurance, including both state and federal regulations.
Explore the concept of solvency in the insurance industry, which measures an insurer's ability to cover liabilities and meet financial requirements.
Learn about Foreign Insurer, an insurance company based in a different state from where the insured's policy is written.
Understand Public Law 15, a crucial 1945 Congressional Act that exempts insurance from federal anti-trust laws provided state regulation. Learn its impact on the insurance industry.
Understand the role of a conservator in insurance: a court-appointed individual who directs and manages financially troubled insurance companies.
Discover the critical role of Insurance Departments in enforcing insurance laws, licensing professionals, and regulatory oversight in the U.S. and Canada.
Learn about the liquidation of an insurer, a process undertaken when an insurance company can no longer meet financial obligations and faces unavoidable dissolution.
Learn about the Rehabilitation of Insurers, a regulatory process aimed at restoring financially troubled insurers to solvency. Explore the steps involved and its significance in the insurance industry.
