The regulation of insurers in areas that affect consumers, which include claims handling, underwriting, complaints, advertising, sales practices, and other trade practices is called

A) solvency surveillance.
B) market conduct regulation.
C) combined ratio analysis.
D) market share regulation.

Answer: B

Business

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The shadow banking system describes a group of institutions that engage in lending activities, much like traditional banks

Indicate whether the statement is true or false

Business

If you save monthly for retirement, which of the following would be used to determine how much you would ultimately have in your retirement account?

A) Present value of an annuity B) Future value of an annuity C) Present value of $1 D) Standard deviation

Business