Insurance Exam Vocabulary Terms
Capital and Surplus Requirement
Statutory requirement ordering companies to maintain their capital and surplus at an amount equal to or in excess of a specified amount to help assure the solvency of the company by providing a financial cushion against expected loss or misjudgments and generally measured as a company's admitted assets minus its liabilities, determined on a statutory accounting basis.
Our Insurance Exam Prep Includes...
- Hundreds of Insurance Practice Test Questions (that apply to your state)
- Insurance Vocabulary Flashcards
- Study-Mode & Timed-Exam Mode
- Take Unlimited Tests For 1 Year
- User-Friendly On All Devices
- 2024 Updated Material
- Insurance Exam Tip Videos
- Support From Licensed Instructor
- Insurance Terms & Glossary
- Pass Money Back Guarantee
