API 28

Refers to legislation that opposes trusts or unfair business practices

Prohibits collusion among businesses to gain monopoly power.

Is a system through which claims of insolvent property and liability insurers are paid.

Provides limited insurance lines to business organizations.

Is the process of submitting information to state ins dept for approval.

The expected losses related to each exposure unit.

Is a review of an insurer’s underwriting and rate making practices

Occurs when an insurer rejects an application

Is a policy cancellation during its term or a policy non renewal at the end of its term.

Are formal financial reports presented to state regulators

Employs a set of rules and procedures for insurance financial reporting.

The early warning system for potential financial failure of an ins. Company.

Is a model for developing the amount of capital an insurer must have available.

Is a certification program for state insurance depts.

Describes any insurance for which there is no licensed insurer within the state.

Is a group of insurance buyers who purchase liability insurance together.