Match the terms with the correct definitions.

Correct Answer:

an insurance term for the contractual right to insurance reimbursement for a covered condition,national group which develops standards for insurance processes, which are generally adopted by the state insurance commissioners, which are the regulatory authority for the insurance industry in the U.S.,excess loss insurance which is purchased to protect a client or the insurance company from large claims and losses; another insurance company will provide insurance for this type of coverage, but it is an internal function; the group insurance client does not negotiate with the re-insurance company,refers to a reserve requirement for a securities investment held by an insurance company,the ability to pay all current and future obligations; of sound financial condition