Delaware health insurance
National association of insurance commissioners (NAIC) - ANS-composed of insurance
commissioners from all 50 states. The are responsible for enforcing laws and
regulations.
Stock Companies - ANS-Companies owned by the stockholders whose investments
provide the capital necessary to establish and operate the insurance company.
Mutual Companies - ANS-Owned by the policyowners and issue participating policies.
Fraternal Benefit Societies - ANS-Life or health insurance companies formed to provide
insurance for members of an affiliated lodge, religious organization, or fraternal
organization with a representative form of government.
Risk Retention Group - ANS-A liability insurance company owned by its members,
which are exposed to similar liability risks by virtue of being in the same business or
industry.
Social Security - ANS-any government system that provides monetary assistance to
people with an inadequate or no income.
medicare - ANS-A federal program of health insurance for persons 65 years of age and
older
Medicade - ANS-the government insurance program for low-income individuals &
familys that is funded both by the federal government & each individual state
1945 McCarran and Ferguson Act - ANS-States that while federal government has the
authority to regulate the insurance industry, it would not exercise that right if the
insurance industry was run effectively and adequately by the states
2001 USA Patriot Act - ANS-Expands authority of US law enforcement for purpose of
fighting terrorism (expands FBI electronic surveillance capabilities; foreign student
monitoring program
unfair trade practice acts - ANS-gives chief financial officer the power to investigate
insurance companies and producers to impose penalties
National association of insurance commissioners (NAIC) - ANS-composed of insurance
commissioners from all 50 states. The are responsible for enforcing laws and
regulations.
Stock Companies - ANS-Companies owned by the stockholders whose investments
provide the capital necessary to establish and operate the insurance company.
Mutual Companies - ANS-Owned by the policyowners and issue participating policies.
Fraternal Benefit Societies - ANS-Life or health insurance companies formed to provide
insurance for members of an affiliated lodge, religious organization, or fraternal
organization with a representative form of government.
Risk Retention Group - ANS-A liability insurance company owned by its members,
which are exposed to similar liability risks by virtue of being in the same business or
industry.
Social Security - ANS-any government system that provides monetary assistance to
people with an inadequate or no income.
medicare - ANS-A federal program of health insurance for persons 65 years of age and
older
Medicade - ANS-the government insurance program for low-income individuals &
familys that is funded both by the federal government & each individual state
1945 McCarran and Ferguson Act - ANS-States that while federal government has the
authority to regulate the insurance industry, it would not exercise that right if the
insurance industry was run effectively and adequately by the states
2001 USA Patriot Act - ANS-Expands authority of US law enforcement for purpose of
fighting terrorism (expands FBI electronic surveillance capabilities; foreign student
monitoring program
unfair trade practice acts - ANS-gives chief financial officer the power to investigate
insurance companies and producers to impose penalties
