Reasons for regulation of insurance include which of the following?
I.Maintaining insurer solvency
II.Ensuring reasonable rates

Question

Quizplus · Accepted Answer

Regulation of insurance is important for maintaining insurer solvency to ensure they are financially able to pay claims and protect policyholders. It is also important to ensure reasonable rates to protect consumers from excessive or discriminatory pricing practices. Therefore, both I and II are valid reasons for regulation of insurance.

Reasons for Regulation of Insurance Include Which of the Following