What is the Definition of Insurance Regulatory Information System/Iris?

What is the Definition of Insurance Regulatory Information System/Iris?

Uses financial ratios to measure insurers’ financial strength. Developed by the National Association of Insurance Commissioners. Each individual state insurance department chooses how to use IRIS.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Insurance Regulatory Information System/Iris?

What is the Definition of Insurance Regulatory Information System/Iris?

You can find random definition and meaning of insurance terms below:


Meaning of Group Insurance in Insurance Terms

A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependents. Coverage occurs under a master policy issued to the employer or association.


Meaning of Guarantee Period in Insurance Terms

Period during which the level of interest specified under a fixed annuity is guaranteed.


Meaning of Guaranteed Income Contract/Gic in Insurance Terms

Often an option in an employer-sponsored retirement savings plan. Contract between an insurance company and the plan that guarantees a stated rate of return on invested capital over the life of the contract.


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