Upon successful completion of course, students will be able to: describe the stages of product  development and identify stages when an insurer must evaluate whether materials comply with state insurance laws and regulations; identify the provisions that insurers are required to include in individual life insurance policies, the optional provisions that insurers may include, and the prohibited provisions that insurers may not include; describe the contract provisions that state insurance laws require all types of individual annunities to contain; describe the legal relationship between a principal and an agent and the terms commonly included in insurance agency agreements; explain the requirements that state unfair trade practices regulation place on insurers and insurance producers and give examples of activities that are considered to be unfair trade practices; identify the types of materials that are considered to be advertisements for state regulatory purposes; describe the state regulatory requirements that insurers must meet concerning the privacy of consumer information; distinguish between assumption reinsurance and indemnity reinsurance; describe the market analysis process; describe the process state insurance departments use to report market conduct examinations and the actions they may take when an examination report indicates violations.