0
This question goes to the issue of solvency of an insurer. Solvency (claims-paying ability) is just about the primary concern of any state insurance regulator.
The Insurance Code of each state prescribes the level of surplus that an insurer must maintain. The amount depends upon a number of factors, including the nature of the risk(s) underwritten, and the outstanding premium (because it correlates with the amount of risk that the insurer has assumed).
Insurance Codes prescribe procedures by and circumstances under which surplus may be reduced. The only universal statement that can be made concerning this is that each state has a procedure by which application must be made to the state insurance regulator for permission to reduce surplus. Whether or nor the permission is granted will be based upon whether, after the reduction, there will remain sufficient surplus to maintain compliance with the surplus requirements of the law.
What else can I help you with?
What is the meaning of reserves and surplus?
Amount appropriated out of earned surplus (retained earnings) for future planned or unforeseen expenditure.
What was the effect of the Khmer farmers surplus in southeast Asia?
They earned great wealth.
Do menards still have surplus returned merchandise truck load sales if so how can you find it?
Yes they do, but do guys get all of it.
After experiencing a in wheat production the farmers earned prices per bushel were lower than anticipated?
surplus
Can you reclaim PPI if the policyholder has died?
If is possible to reclaim PPI. Even if the policyholder has passed away.
What is policyholder reserves?
It is the reserve for policyholders.
When a policyholder moves into an area served by different bcbs corporation than the policyholder previously used the plan must?
cancel the policy
What is the impact of producer surplus on a monopoly graph and how does it affect market outcomes?
Producer surplus on a monopoly graph represents the extra profit earned by the monopolist above their production costs. This surplus is maximized when the monopolist restricts output and raises prices, leading to higher profits but potentially lower consumer welfare. The presence of producer surplus in a monopoly can result in higher prices, reduced consumer surplus, and less efficient market outcomes compared to a competitive market.
What does the statement of changes in retained earnings consist of?
The statement of changes in retained earnings, also known as the statement of earned surplus, is documentation that only details the changes in earned capital: the net income and the dividends for a given period.
What is the acronym of surplus?
surplus
Does homeowner insurance cover theft on other address?
Usually as long as A). The item stolen is owned by the policyholder, B). The item was not stolen on another property owned by the policyholder that does not have insurance.
Should one be investing funds?
One should be investing funds if they have some surplus to invest. An investment of funds can be very rewarding and gratifying once the interest is earned.
