Why has the insurance commissioner's office gained importance in the 21st century?
What will be an ideal response?
Answer:
A. Insurance commissioner's office
1. 1,700 employees
2. regulates insurance company practices
3. helps ensure that insurance companies have enough money to cover potential claims
4. constitutional amendment capped medical malpractice liability
a. progressively harder to collect damages
B. Office gained political importance in 21st century
1. skyrocketing home insurance rate
2. was supposed to cap insurance rates but deregulation has made many rates outside the state's regulatory reach
a. homeowners' policies
b. auto insurance policies
3. change in leadership
a. three-member board was replaced by single commissioner appointed by the governor
b. department head has been targeted as rates have increased
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During the 1970s, fundamental reforms occurred throughout the country because state legislatures sought to increase their capacity and become more professional
a. True b. False Indicate whether the statement is true or false
What kind of information would you want to collect to conduct a political feasibility analysis of Social Security reform (and from whom, in general terms)?
What will be an ideal response?