Which of the Following Is a Principal Method of Ensuring

question 37

Multiple Choice

Which of the following is a principal method of ensuring the solvency of insurers?

• A)requiring submission of annual financial statements to state regulators
• B)tracking and investigating market conduct complaints against insurers
• C)disciplining agents of the insurer for illegal sales practices
• D)regulating the forms (applications and policies)employed by the insurer

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Definitions:

Cognitive Processes

Mental activities involved in the acquisition, processing, and storage of knowledge.

Stereotype

Overgeneralized beliefs about a particular category of people that simplifies the complexity of human behaviors and characteristics.

Heuristic Processing

A method of decision-making or reasoning based on simplified strategies or 'rules of thumb', rather than systematic analysis.

Statistically Identical

Refers to two or more variables that have no statistically significant difference between them, indicating they can be considered equivalent for analytical purposes.