Chapter 12 Flashcards

(1 cards)

1
Q

List common restrictions imposed by regulation on life insurance companies

A
  • Contract types that can be sold
  • Premium rates, or charges
  • Ts and cs requirements
  • Underwriting ability
  • Amount of business that can be written by solvency margin requirements
  • Asset types or amount that can be invested in for demonstrating solvency
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