Which of the Following Best Describes the Two Sources of Insurance

question 11

Multiple Choice

Which of the following best describes the two sources of insurance regulation?

• A)state governments and the federal government
• B)insurance law and the administration of that law
• C)contracts and the court system
• D)administrative bodies and the court system

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Definitions:

Ethical Implications

The moral consequences or considerations associated with a particular action, decision, or policy, evaluating its rightness or wrongness.

Utilitarian Benefits

Utilitarian benefits refer to the functional or practical advantages that consumers receive from using a product or service, emphasizing usability and efficiency.

General Ethical Principle

Foundational guidelines that govern behaviors and decisions based on notions of right and wrong.

Greater Good

The concept that certain actions or policies are justified or desirable because they benefit the majority or advance a noble cause, even if they might not benefit everyone.