The purpose of this assignment is to assess your ability to:

• Discuss the purposes of insurance regulation.
• Identify key factors an insurer should evaluate during the distribution-system and distribution-channel selection process.
• Explain how typical insurer marketing activities are performed and why they are performed.
• Identify and explain steps in the underwriting process.
• Identify the steps in the adjustment of a casualty claim.
• Identify the steps in the adjustment of a property claim.
• Explain the importance of following established procedures in adjusting a claim.
• Explain how risk control affects the underwriting process.

This assignment requires you to demonstrate your understanding of applying, analyzing, and determining the functions of 1) insurance marketing and distribution, 2) underwriting, 3) claims, and 4) risk control.

1. Suppose that you are the President of your insurance company, and you are making a presentation about your insurance company to other insurers at a trade association meeting.
2. Prepare a 15- to 20-minute PowerPoint presentation (six to eight PowerPoint slides). The presentation should include the following topics about your insurance company:
   1. Identify the form of ownership the company has chosen and explain why it was selected.
   2. Discuss the purposes of insurance regulation.
   3. Identify and explain the marketing distribution system and channels the company has chosen to use.
   4. Discuss the steps the company follows in its underwriting process and explain why the company believes it is important to follow a specific process. (Note: You also need to explain how risk control affects the underwriting process.)
   5. Identify the steps the company follows in adjusting claims and explain why the company believes it is important to follow a step-by-step approach.