All of the following statements about the methods of regulating insurance are true EXCEPT
A) All states have insurance laws that regulate the operations of insurers.
B) Insurers are totally exempt from regulation by federal agencies and laws.
C) The courts regulate insurance in many ways,including the interpretation of policy clauses and provisions.
D) State insurance commissioners,through administrative rulings,have considerable power over insurers doing business in their states.
Correct Answer:
Verified
Q8: Which of the following is an advantage
Q9: An insurance company chartered in another country
Q10: The policyholders' surplus of an insurer is
Q11: By misrepresenting the true facts,Gretchen was able
Q12: Which of the following is an advantage
Q14: Which of the following statements about the
Q15: Which of the following is considered a
Q16: The right of the states to regulate
Q17: An insurance company incorporated in another state
Q18: Under one type of rate regulation,insurers do
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