General Insurance
What do independent rating services such as A.M. Best assess about an insurer?
Answer and explanation
Answer: C. These services publish opinions on financial condition and claims-paying ability, which a producer may use in choosing an insurer. They do not rate price, service speed, or the fit of a product to an individual consumer.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, independent rating services
More general insurance questions
- What is concealment in the formation of an insurance contract?
- What is the relationship between the ceding insurer and the reinsurer?
- What makes an insurance policy a conditional contract?
- What makes an insurance policy aleatory?
- What makes an insurer admitted in a given state?
- What must be shown to establish fraud, beyond an untrue statement of material fact?
621 New York questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.