If an insurer's chief executive officer suspects the insurer has or will become insolvent, the officer must notify the Director within how many days of discovery?

A. 30 days
B. 10 days
C. 90 days
D. 60 days

Question

10-08-2024
Law

Answered

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If an insurer's chief executive officer suspects the insurer has or will become insolvent, the officer must notify the Director within how many days of discovery?

A. 30 days
B. 10 days
C. 90 days
D. 60 days

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-08-10T12:20:54-04:00

Final answer:

Insurer's CEO must notify the Director within 60 days if insolvency is suspected.

Explanation:

60 days

If an insurer's chief executive officer suspects the insurer has or will become insolvent, they must notify the Director within 60 days of discovery. This is a crucial regulatory requirement to ensure transparency and proper management of potential insolvency issues in the insurance sector.

Learn more about Insurance regulation and insolvency reporting here:

https://brainly.com/question/42025600

Rj2010idn Rj2010idn · Answer 2 · 2024-08-10T12:54:30-04:00

Rj2010idn Rj2010idn

10-08-2024

The answer is 60 day

Answer Link

Sagot :

Final answer:

Explanation:

Learn more about Insurance regulation and insolvency reporting here:

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