Boarding the IMSA train
Article Abstract:
Membership in the Insurance Marketplace Standards Assn (IMSA) has brought several advantages on insurers. They were able to save substantial amounts of time and money. Companies that sell individual life insurance policies and annuities are qualified to join IMSA. Members however, are required to comply with IMSA's established set of Principles of Ethical Market Conduct and accompanying Code of Life Insurance Ethical Market Conduct. To meet this standards, companies are asked to assess their existing practices and formulate new procedures that will fit with the principles and the code.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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The state(s) of the alternative markets
Article Abstract:
Several states are passing laws designed to attract captive insurance companies. New York and Maine, for example, introduced legislation creating a separate regulatory framework for captive insurers. Hawaii, meanwhile, is emerging as the most friendly alternative market next to Vermont. The number of captive insurance companies in Hawaii has increased due to the state's affordable capitalization requirements, visibility within the industry, proximity to the West Coast and a solid infrastructure. The captive insurance industry has brought economic benefits to these states.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1998
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Life reinsurers step forward
Article Abstract:
Life reinsurers have benefitted greatly from the entry of banks and financial service companies into insurance selling. Life reinsurers have assumed new roles in the insurance industry and have influenced the development and pricing of policies by insurers. They have also influenced the way insurers acquire business from other insurers. Some life reinsurers are also offering term life insurance underwriting services to banks and financial providers to sell and risk management and claims administration services after insurance sales.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Comment about this article or add new information about this topic:
- Abstracts: Know the code. The state of the art in high-tech thievery. The high stakes of high-tech
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