Insurance Providers

2. ____ ____ are groups of insurers that mainly write fire insurance and auto physical damage insurance; each member's liability is limited.
4. A ___ company seeks to transfer some of its risk to a reinsurance company to minimize the risk they face should a loss occur.
6. ___ insurance companies are owned by their policyholders; they issue policy dividends to policyowners.
8. A(n) ___ insurer is any organization that presents its products as "insurance" although neither it nor its products have been approved by a department of insurance.
10. A company domiciled in Ohio but admitted to do business in Texas is considered what type of insurer in Texas?
11. A ___ rating classifies insureds according to several identifiable characteristics and establishes a rate that can be used with all insureds within a class; uses statistical methods.
14. Independent contractors who represent the insurance applicant or policyholder and typically sell products from more than one insurer.
16. ___ agents sell insurance on a commission or fee basis for one or more insurance companies; they retain ownership, use, and control of policy records.
18. ____ rating is a method of determining the insurance premium on the basis of how likely the characteristics of a particular risk are to cause a loss.
19. A ____ insurance company is designed to cover the risks of the parent organization(s) that own it.

1. ___-___ are businesses that are financially able to self-fund certain risks.
3. An insurance company that is domiciled in Canada is an ___ insurer in California.
5. ___ agents represent a single insurance company or a group of insurance companies under similar management.
7. A state's insurance ___ has the authority to stop insurers and producers from engaging in unfair and unethical activity or suspend an insurer's or producer's license to transact business.
9. A(n) ___ insurer is a company that is not licensed to do business in a certain state but is authorized to sell surplus lines insurance there.
12. A(n) ___ insurer is a company licensed to do business in the state or country in which it writes applications.
13. A form of self-insurance that prefunds coverage of future losses through the members' premium deposits.
15. A ___ rating is established by the judgement of an underwriting instead of by a rating authority.
17. ___ insurance companies pay stock dividends to their stockholders.