Chapter 5 the private insurance industry 1. Insurers classification by legal form of ownershi A Capital stock insurance companies B Mutual insurance companies C Reciprocals or interinsurance exchange D. Lloyd's associations E Health expense associations F Government insurers
Chapter 5 the private insurance industry 1. Insurers classification by legal form of ownership A. Capital stock insurance companies B. Mutual insurance companies C. Reciprocals or interinsurance exchange D. Lloyd’s associations E. Health expense associations F. Government insurers
2. Marketing systems The insurance occupations Agent Broker Underwriter Loss adjuster actuary
2. Marketing systems The insurance occupations Agent Broker Underwriter Loss adjuster actuary
(1) Life insurance distribution system A General agents B Branch office system branch manager (2) Property and liability distribution system(refer to the book A Independent agents (U.S.A) B, Direct writers
(1) Life insurance distribution system A. General agents B. Branch office system—branch manager (2) Property and liability distribution system (refer to the book) A. Independent agents (U.S.A.) B. Direct writers
Chapter 6 regulation of the insurance industry Regulation represents the rules by which the game is played The government as market regulator: to protect the weak group
Chapter 6 regulation of the insurance industry Regulation represents the rules by which the game is played The government as market regulator: to protect the weak group
1. The why of government regulation of insurance (1) Rationale for regulation of the insurance industry A. Vested-in-the-public-interest Solvency Complex nature of insurance contracts B. Destructive-competition Due to the unique nature of pricing
1. The why of government regulation of insurance (1) Rationale for regulation of the insurance industry A. Vested-in-the-public-interest Solvency Complex nature of insurance contracts B. Destructive-competition Due to the unique nature of pricing