All of the Following Statements About Insurance Regulation Are True

question 14

Multiple Choice

All of the following statements about insurance regulation are true EXCEPT

• A)Insurance commissioners are appointed in some states and elected in some states.
• B)Insurers are subject to regulation by certain federal agencies and laws.
• C)The National Association of Insurance Commissioners (NAIC)can force states to adopt the model laws that it drafts.
• D)An insurance commissioner can revoke or suspend an insurer's license to do business in his or her state.

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Definitions:

War on Terror

A global campaign launched by the United States after the September 11, 2001 terrorist attacks, aimed at eradicating terrorism primarily through military means.

Containment Theory

A strategic foreign policy concept aimed at preventing the spread of communism during the Cold War.

Department of State

A federal executive department responsible for the international relations of the United States, managing diplomacy, negotiating treaties, and protecting U.S. interests abroad.

National Security Council

A body within the executive branch of a government that advises the head of state on national security and foreign policy matters.