Question

What is the potential impact of a decentralized approach to underwriting in an insurer with multiple locations?What information do regulators and investors typically seek when assessing an insurer's organization?

a.

Increased efficiency in monitoring and uniform implementationDetails of the insurer's reporting systems

b.

Improved reporting systemsA list of all principals and key personnel

c.

Decreased efficiency in monitoring and uniform implementationThe manner of delegation and relationship to the insurer

d.

Enhanced delegation of authorityThe insurer's underwriting philosophy

Answer: Decreased efficiency in monitoring and uniform implementationA list of all principals and key personnel Explanation:A decentralized approach to underwriting in an insurer with multiple locations may affect efficiency in monitoring and uniform implementation. This means that decision-making and implementation may vary across different locations, leading to a potential decrease in efficiency and consistency.Regulators and investors typically seek a current organizational chart with a brief description of all members in the insurer's system, including the primary business functions of each member. This provides information about the key personnel and individuals involved in the insurer's operations.

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Q. What is the potential impact of a decentralized approach to underwriting in an insurer with multiple locations?What information do regulators and investors typically seek when...

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