The federal agency responsible for monitoring and advising regulators about insurance companies' risk and solvency is called the Federal Reserve System.

Question

Quizplus · Accepted Answer

The Federal Reserve System primarily oversees and regulates banks and financial institutions, not insurance companies. The National Association of Insurance Commissioners (NAIC) and state insurance regulatory agencies primarily oversee the insurance industry in the United States.

The Federal Agency Responsible for Monitoring and Advising Regulators About