All of the Following Statements About the Methods of Regulating

question 32

Multiple Choice

All of the following statements about the methods of regulating insurance are true EXCEPT

• A)All states have insurance laws that regulate the operations of insurers.
• B)Insurers are totally exempt from regulation by federal agencies and laws.
• C)The courts regulate insurance in many ways,including the interpretation of policy clauses and provisions.
• D)State insurance commissioners,through administrative rulings,have considerable power over insurers doing business in their states.