System developed by the National Association for Insurance Commissioners in the US for the triennial examination of insurers. Teams of examiners are formed from the staffs of several states in each of the geographical zones. The results of their examinations are then accepted by all states in which an insurer is licensed, without the necessity of each state having to conduct its own examinations.
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Developed by the NAIC for the triennial examination of insurers. Under the system, teams of examiners are formed from the staffs of several states in each of the geographical zones. The results of their examinations are then accepted by all states in which an insurer is licensed without the necessity of each state having to conduct its own examinations.
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US MEDICAL: Method developed by the National Association of Insurance Commissioners (NAIC) to examine the solvency of insurers. The examination is conducted every 3 years by teams of examiners. These teams are formed by four geographical areas. Results of NAIC examinations are usually accepted by states where insurers are licensed so that each state does not have to conduct its own examinations.
Tag: RAW
Zoo and Circus Animals and Birds Insurance
Insurance has to be on all animals and birds basis or none basis. Sum insured based on valuation done by curator and health certificate by veterinary doctor. The coverage is similar to Cattle/Poultry Insurance.
Zoo Insurance
A comprehensive Insurance Policy that protects the management of zoological gardens in which many kinds of animals are kept for exhibition against loss or death of animals due to accident, Fire, theft, act of God perils etc. Cover may also be extended to cover legal liability towards the visitors and/or third parties.