The National Association of Insurance Commissioners (NAIC) administers

The National Association of Insurance Commissioners (NAIC) administers an “early warning system” to help ensure insurance company solvency.

This system uses data provided in the annual statement to identify companies that may pose a solvency risk. This early warning system is called
A) the risk-based capital requirements.
B) an insurance guaranty fund.
C) the Insurance Regulatory Information System (IRIS).
D) the assessment method.

ANSWER

Answer: C