The best argument for continued state insurance regulation is that state regulation is cheaper and more efficient than federal regulation would be.

Question

Quizplus · Accepted Answer

State regulation of insurance allows for more localized control and adaptation to specific state needs, but it does not inherently mean it is cheaper or more efficient than federal regulation. Efficiency and cost-effectiveness depend on the implementation and management of the regulatory system, not just the level of government overseeing it.

The Best Argument for Continued State Insurance Regulation Is That