Question
a.
Credit ratings do not refer to an insurer`s or reinsurer`s ability to meet debt obligations.
b.
Credit ratings are a recommendation to purchase or discontinue any policy or contract issued by an insurer or reinsurer or to buy, hold or sell any security issued by an insurer.
c.
A credit rating is not a guarantee of an insurer's financial strength or security.
d.
Credit ratings are based on information furnished by rated insurer or reinsurers or obtained by the rating agency from other sources it considers reliable.
Posted under IC85 Reinsurance Management
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Q. Which of the following statements is incorrect with respect to credit rating?
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