Podcast Episodes
Back to Search![[Insurance] 10, State Regulation](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)
[Insurance] 10, State Regulation
Insurance is regulated at the state level, with NAIC providing model legislation but no direct authority. --
The CFP Exam is known for its difficulty,…
11 months, 2 weeks ago
[Insurance] 9, Rating Agencies
Evaluate insurer financial strength, with A.M. Best and Moody's providing ratings from high to low. --
The CFP Exam is known for its difficulty, and a…
11 months, 2 weeks ago
[Insurance] 8, Coinsurance Clause
Requires insured to cover a percentage of property value, affecting payout if underinsured. --
The CFP Exam is known for its difficulty, and as I emba…
11 months, 2 weeks ago
[Insurance] 7, Valuation Methods
Replacement cost, actual cash value, and agreed value determine compensation for insured losses. --
The CFP Exam is known for its difficulty, and as I…
11 months, 2 weeks ago
[Insurance] 6, Exclusions and Riders
Exclusions specify non-covered events; riders modify coverage, affecting premiums and benefits. --
The CFP Exam is known for its difficulty, and as I …
11 months, 2 weeks ago
[Insurance] 2, Risk Management
High frequency/severity risks require avoidance or insurance; low severity risks may be retained or reduced. --
The CFP Exam is known for its difficul…
11 months, 2 weeks ago
[Insurance] 3, Law of Large Numbers
Essential for predicting losses and setting premiums, reducing uncertainty for insurers. --
The CFP Exam is known for its difficulty, and as I embark …
11 months, 2 weeks ago
[Insurance] 1, Insurance Purpose
Protects against pure risks by identifying and transferring risk in areas like home, auto, and health. --
The CFP Exam is known for its difficulty, an…
11 months, 2 weeks ago
[Insurance] 4, Insurable Interest
Must exist at policy inception for life insurance and at both inception and loss for property/liability insurance. --
The CFP Exam is known for its di…
11 months, 2 weeks ago
[Insurance] 5, Agent vs. Broker
Agents represent insurers, while brokers represent policyholders, impacting policy negotiations. --
The CFP Exam is known for its difficulty, and as I…
11 months, 2 weeks ago