QuestionJuly 15, 2025

An insurer's claim settlement practices are regulated by the A. National Association of Insurance Commissioners (NAIC) B. National Association of Claims Adjusters (NACA) C. State insurance departments D. Securities and Exchange Commission (SEC)

An insurer's claim settlement practices are regulated by the A. National Association of Insurance Commissioners (NAIC) B. National Association of Claims Adjusters (NACA) C. State insurance departments D. Securities and Exchange Commission (SEC)
An insurer's claim settlement practices are regulated by the
A. National Association of Insurance Commissioners (NAIC)
B. National Association of Claims Adjusters (NACA)
C. State insurance departments
D. Securities and Exchange Commission (SEC)

Solution
4.2(159 votes)

Answer

C. State insurance departments Explanation 1. Identify the regulatory body Insurance claim settlement practices are regulated by state-level authorities rather than national associations or federal agencies.

Explanation

1. Identify the regulatory body<br /> Insurance claim settlement practices are regulated by state-level authorities rather than national associations or federal agencies.
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