The Texas Department of Insurance
A) regulates the insurance market in Texas under the guidance of an appointed commissioner who serves a two-year term.
B) is responsible for ensuring that all Texans have health insurance as required by the Patient Protection and Affordable Care Act.
C) is responsible for administering state-funded insurance programs such as Medicaid and CHIP.
D) is an elected multimember board that has responsibility for all insurance markets within Texas.

Question

Quizplus · Accepted Answer

The Texas Department of Insurance is responsible for regulating the insurance market in Texas under the guidance of an appointed commissioner who serves a two-year term. Option B is incorrect because the responsibility of ensuring that all Texans have health insurance as required by the Patient Protection and Affordable Care Act is the responsibility of the federal government, not the Texas Department of Insurance. Option C is incorrect because while the Texas Department of Insurance may play a role in administering state-funded insurance programs like Medicaid and CHIP, it is not solely responsible for them. Option D is also incorrect because the Texas Department of Insurance is not an elected board, but rather a state agency.