Determine whether the following statement is true or false: Failing to adopt and implement standards for the prompt investigation and settlement of claims is an example of an activity that would be considered an improper claims practice according to the NAIC Model Unfair Claims Settlement Practices Act.

Question

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The NAIC Model Unfair Claims Settlement Practices Act identifies failing to adopt and implement standards for the prompt investigation and settlement of claims as an example of an improper claims practice.

Determine Whether the Following Statement Is True or False: Failing