Exam DISC-IA Practice Question 236
Study guide: Exam DISC-IA
A state legislator argues that insurance buyers can protect themselves by shopping around, so insurance needs no more regulation than any other product. State insurance regulators answer that regulation exists to protect consumers. What do they identify as the most important protection it provides?
- A) Holding premiums as low as competition allows
- B) Making sure insurers stay solvent so they can pay claims
- C) Guaranteeing every applicant can buy coverage
- D) Shielding licensed insurers from out-of-state competition
Answer this question and see the worked solution