Chapter 1-XCEL Solutions Q&A Latest Update
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XCEL
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XCEL
Chapter 1-XCEL Solutions Q&A Latest Update
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| Uploaded on: | May 8, 2025 |
| Last updated: | May 12, 2025 |
| Number of pages: | 6 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | Chapter 1-XCEL Solutions Q&A Latest Update |
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Chapter 1 - XCEL Solutions | Q&A Latest 2025/2026 | 100% PASS Actuarial department - Answer -The ________________________ calculates policy rates, reserves, and dividends. Alien Insurer - Answer -An ___________________ in the United States is an insurer whose principal office and domiciled location is outside the country. Admitted Insurer - Answer -An admitted or authorized insurer is an insurer who has received a certificate of authority from a state's department of insurance authorizing them to conduct insurance business in that state. Broker - Answer -A _________________ represents themselves and the insured (i.e., the client or customer). Captive Insurer - Answer -A _______________________ is an issuer established and owned by a parent firm for the purpose of insuring the parent firm's loss exposure. Certificate of Authority - Answer -A ____________________________ is a license issued to an insurer by a department of insurance (or equivalent state agency), which authorizes that company to conduct insurance business in that particular state. Claims Department - Answer -The ____________________________ is responsible for processing, investigating, and paying claims.
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