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?
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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