Answered

If an insurer's chief executive officer suspects the insurer has or will become insolvent, the officer must notify the Director within how many days of discovery?

A. 30 days
B. 10 days
C. 90 days
D. 60 days



Answer :

GinnyAnswer

Final answer:

Insurer's CEO must notify the Director within 60 days if insolvency is suspected.


Explanation:

60 days

If an insurer's chief executive officer suspects the insurer has or will become insolvent, they must notify the Director within 60 days of discovery. This is a crucial regulatory requirement to ensure transparency and proper management of potential insolvency issues in the insurance sector.


Learn more about Insurance regulation and insolvency reporting here:

https://brainly.com/question/42025600
The answer is 60 day

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