Sentences with phrase «insurance regulatory purposes»
National Association of Insurance Commissioners (NAIC)- An association of insurance commissioners and superintendents formed to share information and develop common laws and procedures for insurance regulatory purposes.
http://www.fordinsurance.com/ Not exact matches
For instance, financial guarantee contracts are reported for regulatory purposes as property and casualty insurance, normally considered short - duration, but have elements of long - duration contracts in that they are irrevocable and extend over a period that may be in excess of 30 years.
«Health plans,» for purposes of the regulatory impact and regulatory flexibility analyses, include licensed insurance carriers who sell health products; third party administrators that will have to comply with the regulation for the benefit of the plan sponsor; and self - insured health plans that are at least partially administered by the plan sponsor.
The latter half explores the complex world of captive insurance companies into which, through dizzying financial machinations and subterfuges, insurance companies create subsidiaries into which they funnel assets for tax and regulatory purposes.
Therefore, the fundamental purpose of insurance regulatory law is to protect the public as insurance consumers and policyholders.
These regulatory agencies have different rules on how often you can take driving education courses and the purpose of the courses can vary from state to state or court to court (insurance reduction, point reduction, etc.).