Board-approved credit risk policy requires IIOs to address premium non-payment risks and their adverse consequences. Every IIO must maintain a Board-approved policy for mitigating credit risk. The policy must, among other matters, specify the adverse consequences arising ... Summary
Board-approved credit risk policy requires IIOs to address premium non-payment risks and their adverse consequences.
Every IIO must maintain a Board-approved policy for mitigating credit risk. The policy must, among other matters, specify the adverse consequences arising from an insured's non-payment of premium.
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