Which of the following is the most important goal of insurance regulation?
A) Limiting the number of insurance companies in the state
B) Promoting the solvency of insurance companies
C) Mandating that all citizens purchase auto insurance and health insurance
D) Approving the contractual language of insurance policies sold in the state
B
Business
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When must a lender advise loan applicants about the status of their application?
a. Within one week b. Within three days c. Within 30 days d. Within 90 days
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According to real estate licensing law, for supervising purposes, the relationship between a salesperson and a broker is:
a. fiduciary b. independent contractor c. employer-employee d. ostensible
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