The Purpose of the Financial Analysis Solvency Tracking (FAST)system Employed

question 24

Multiple Choice

The purpose of the Financial Analysis Solvency Tracking (FAST) system employed by the NAIC is to

• A)prioritize insurance companies for additional regulatory action.
• B)quicken the approval of rates in prior approval states.
• C)speed-up the claims settlement process for insurers charged with delaying claims payments.
• D)quickly address market conduct complaints by consumers.

---

Definitions:

Hippocampus

A region of the brain that is associated with memory formation, spatial navigation, and emotional regulation.

Thalamus

The brain's main relay station for sensory signals, excluding smell, filtering information to the cerebral cortex for further processing and interpretation.

Medulla

The innermost part of an organ or structure, especially the medulla oblongata in the brain, involved in regulating vital body functions.

Hypothalamus

A small, crucial part of the brain located below the thalamus, responsible for hormonal control and regulation of essential bodily functions like temperature, hunger, and thirst.