Which of the following terms describes making false statements?Slander is the legal term used to describe false statements made by one party against another.
What is a required advance notice for a hearing held by the Commissioner of insurance in Arkansas?The commissioner must (1) hold the hearing within 20 days of receiving the request, (2) give the applicant at least 10 days' notice of the time and place of the hearing, and (3) issue his final decision within 45 days after the hearing. A person aggrieved by the final order or decision can appeal.
Who examines the books and records of insurance companies in Florida?By examining the financial books and records of insurance companies and related entities, OIR evaluates the quality of assets, adequacy of stated liabilities, and general operating results. OIR is statutorily required to conduct a financial examination of each domestic insurer at least once every five years.
Which entities protects policyowners insureds and beneficiaries?The purpose of the Florida Insurance Guaranty Association (FIGA) is to protect policyowners, insureds, beneficiaries, annuitants, payees, and assignees of life insurance policies, health insurance policies, annuity contracts, and supplemental contracts against the failure of an insurer issuing such policies or ...
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