The Regulation of Insurers in Areas That Affect Consumers,which Include

question 46

Multiple Choice

The regulation of insurers in areas that affect consumers,which include claims handling,underwriting,complaints,advertising,sales practices,and other trade practices is called

• A)solvency surveillance.
• B)market conduct regulation.
• C)combined ratio analysis.
• D)market share regulation.

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Definitions:

Budget Line

This line delineates the combos of two goods a consumer can procure, given their income and the goods' prices, demonstrating the trade-offs and opportunity costs within their budget.

Consumption

The use of goods and services by households or individuals, often measured to understand economic activity and consumer behavior.

Bushels

A unit of volume measure used primarily for agricultural products, with the size varying by product.

Investment

The allocation of resources, usually financial, in the expectation of generating an income or profit, including purchases of financial instruments or capital assets.