Answered

Find expert answers and community-driven knowledge on IDNLearn.com. Join our Q&A platform to access reliable and detailed answers from experts in various fields.

If an insurer appoints a customer representative, the appointment needs to be filed with which of the following entities?

A. Department
B. None. Only agents and adjuster appointments must be reported.
C. NAIC
D. Guaranty Association

Sagot :

GinnyAnsweridn

Final answer:

When an insurer appoints a customer representative, the appointment needs to be filed with the Department for compliance and oversight purposes.


Explanation:

When an insurer appoints a customer representative, the appointment needs to be filed with the Department. This filing ensures compliance with regulations and allows for proper oversight of customer interactions.

For example, in the insurance industry, the Department of Insurance in each state typically requires these appointments to be reported to monitor agent activities and safeguard consumer interests.

NAIC, the National Association of Insurance Commissioners, plays a crucial role in setting regulatory standards for the insurance industry, but appointments of customer representatives are usually filed at the state level with the Department.


Learn more about Insurance appointments here:

https://brainly.com/question/38063838


We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. IDNLearn.com is your source for precise answers. Thank you for visiting, and we look forward to helping you again soon.