types of insurers, mxm
TRANSCRIPT
TYPES OF INSURERS
Let’s Get Started…
Tonita Sanders
Learning ObjectivesUpon completion of this class, Learners will be able to:
• Identify the two types of insurance companies
•Name the “other” types of insurers
• Identify the domicile designations
•Explain why financial status is important
•Name the rating services
• Identify social insurance programs
OWNERSHIPTypes of Insurance companies
Types of Insurers
Stock Companies Mutual Companies
OTHER Types of Insurers
Glossary
•Fraternal Benefit Societies
•Reciprocals
•Lloyd’s Associates
•Risk Retention Group
DOMICILEDesignation/Location
Designation/Location
•Domestic
•Foreign
•Alien
FINANCIAL STATUSIndependent Rating Services
Independent Rating Services
•AM Best
•Fitch
•Standard and Poor’s
•Moody’s
•Weiss
Knowledge Check
Insurance
Companies
Ownership
Stock
Mutual
Domicile
Domestic
Foreign
Alien
SOCIAL INSURANCE
Programs
Government Insurers•Social Security
•Medicare
•Medicaid
• InsureKidsNow.gov:Chip
•The Health Insurance Marketplace
•Federal Crop Insurance
•National Flood Insurance
Knowledge Check
Center for Medicare and Medicaid Services
Social Security
Healthcare.gov ACA
Insure Kids Now
Obamacare Federal Crop Insurance
National Flood
Insurance
Name one thing you have learned today?How you will use it?
Source:
• Home - Centers for Medicare & Medicaid Services
• Health Insurance Marketplace | HealthCare.gov
• Insurance & Securities Training Courses | ExamFX
• CHIP › Welcome to CHIP
• Home | InsureKidsNow.gov
• Google - AM Best-Moody's-Wiess-Standard and Poor's-Fitch Rating