LESSON 1: BASIC PRINCIPLES OF LIFE AND HEALTH INSURANCE and THE INSURANCE INDUSTRY

Section 1.12 Review

State guaranty associations are funded by insurance companies through:

	a)	federal income tax.
	b)	assessments.
	c)	agent salaries.
	d)	insurer profits.
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NAIFA is dedicated to supporting the life insurance industry, whereas NAHU is dedicated to supporting the health insurance industry.

	a)	True
	b)	False
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NAIC has no legal power.

	a)	True
	b)	False
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