📄️ 1.0 General Insurance Overview
Learning Objectives
📄️ 1.1 The World of Insurance
The insurance industry includes companies, agencies, producers, and organizations that support and serve individuals and businesses that buy insurance.
📄️ 1.2 Types of Insurers - Insurance Companies or Carriers
Stock Insurance Company
📄️ 1.3 Fundamentals of Insurers
Residual Markets
📄️ 1.4 Insurer Domicile and Admittance
Domicile: The jurisdiction, such as a specific state or country, in which an insurance company is legally formed, incorporated, or has its principal place of business.
📄️ 1.5 Insurer Managment and Distribution
Management
📄️ 1.6 Insurance Agents and Producers
Law of Agency
📄️ 1.7 Federal Regulations
Fair Credit Reporting Act (15 U.S.C. §§ 1681–1681d)
📄️ 1.8 Risk Management
Risk
📄️ 1.9 Insurance Concepts
The Insurance Contract
📄️ 1.10 Contracts
Definitions
📄️ 1.11 Insurer Underwriting
Underwriter
📄️ Recap of Chapter One
1. The State Commissioner, Director, or Superintendent of Insurance serves as the chief insurance regulator and has the authority to issue rules and regulations necessary to enforce state insurance laws. (1.1)