QuestionMay 18, 2025

Question 95 of 100 What is the main justification for the existence of the State Insurance Department? A. To protect producers from the National Association of Insurance Commission B. To protect the public C. To protect the State from harmful practices of companies and producers D. To protect companies from malicious law suits

Question 95 of 100 What is the main justification for the existence of the State Insurance Department? A. To protect producers from the National Association of Insurance Commission B. To protect the public C. To protect the State from harmful practices of companies and producers D. To protect companies from malicious law suits
Question 95 of 100
What is the main justification for the existence of the State Insurance Department?
A. To protect producers from the National Association of Insurance Commission
B. To protect the public
C. To protect the State from harmful practices of companies and producers
D. To protect companies from malicious law suits

Solution
4.4(269 votes)

Answer

B. To protect the public Explanation The primary role of the State Insurance Department is to oversee and regulate insurance practices, ensuring that consumers are treated fairly and have access to necessary protections. This aligns with the goal of safeguarding public interests in the insurance market.

Explanation

The primary role of the State Insurance Department is to oversee and regulate insurance practices, ensuring that consumers are treated fairly and have access to necessary protections. This aligns with the goal of safeguarding public interests in the insurance market.
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