DECA – Business Finance Series, 2026 – Study
Material and Practice Questions
captive insurance companies - ANS✔✔ organizations that form their own
insurance company; control their own premium rates and the claims process
traditional/standard insurance company - ANS✔✔ no control over premium
rates or the claim process
reinsurance carriers - ANS✔✔ sell insurance to primary insurance carriers to
protect the primary carriers from unexpected losses
Chartered Life Underwriter (CLU) - ANS✔✔ insurance underwriters and
calculating risks seek this certification
Certified financial analyst (CFA) - ANS✔✔ financial analysts seek this
certification
Chartered investment counselor (CIC) - ANS✔✔ certification of extensive
knowledge of mutual funds
Certified financial planner (CFP) - ANS✔✔ certification for financial planners
controllers - ANS✔✔ direct the preparation of financial reports such as
balance sheets and income statements and are often in charge of auditing
and accounting an entire company
actuaries - ANS✔✔ insurance industry and are responsible for assessing risks
using statistical analysis and they design policies to minimize the cost of that
risk
