TYPES OF INSURERS

Let’s Get Started…

Tonita Sanders

Learning ObjectivesUpon completion of this class, Learners will be able to:

• Identify the two types of insurance companies

•Name the “other” types of insurers

• Identify the domicile designations

•Explain why financial status is important

•Name the rating services

• Identify social insurance programs

OWNERSHIPTypes of Insurance companies

Types of Insurers

Stock Companies Mutual Companies

OTHER Types of Insurers

Glossary

•Fraternal Benefit Societies

•Reciprocals

•Lloyd’s Associates

•Risk Retention Group

DOMICILEDesignation/Location

Designation/Location

•Domestic

•Foreign

•Alien

FINANCIAL STATUSIndependent Rating Services

Independent Rating Services

•AM Best

•Fitch

•Standard and Poor’s

•Moody’s

•Weiss

Knowledge Check

Insurance

Companies

Ownership

Stock

Mutual

Domicile

Domestic

Foreign

Alien

SOCIAL INSURANCE

Programs

Government Insurers•Social Security

•Medicare

•Medicaid

• InsureKidsNow.gov:Chip

•The Health Insurance Marketplace

•Federal Crop Insurance

•National Flood Insurance

Knowledge Check

Center for Medicare and Medicaid Services

Social Security

Healthcare.gov ACA

Insure Kids Now

Obamacare Federal Crop Insurance

National Flood

Insurance

Name one thing you have learned today?How you will use it?

Source:

• Home - Centers for Medicare & Medicaid Services

• Health Insurance Marketplace | HealthCare.gov

• Insurance & Securities Training Courses | ExamFX

• CHIP › Welcome to CHIP

• Home | InsureKidsNow.gov

• Google - AM Best-Moody's-Wiess-Standard and Poor's-Fitch Rating