Which of the Following Is an Advantage of State Regulation

question 11

Multiple Choice

Which of the following is an advantage of state regulation of insurance over federal regulation of insurance?

• A)uniformity of laws
• B)greater efficiency
• C)more effective in negotiating international agreements pertaining to insurance
• D)quicker response to local insurance problems

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Definitions:

Unauthorized Use

The improper or illegal use of something without permission or beyond the scope granted by its owner or governing rules.

Legal Relations

Refers to the legally enforceable relationships between individuals or entities, governed by laws and statutes.

Principal's Affairs

Matters or business activities that are managed or acted upon by an agent on behalf of a principal.

Liable

Legally responsible or obligated, often in the context of paying compensation for harm or damages.