Which of the Following Statements Concerning the Texas Department of Insurance

question 47

Multiple Choice

Which of the following statements concerning the Texas Department of Insurance is INCORRECT?

• A) It is run by a multimember body appointed by the governor.
• B) The department's commissioner is appointed for a two-year term.
• C) The department makes sure that all Texans are covered by health insurance.
• D) It regulates the insurance market in Texas.

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Definitions:

Income Taxes

Income taxes are taxes imposed by governments on the income generated by businesses and individuals within their jurisdiction.

Operating Cash Inflow

Money generated from a company's regular business operations, indicating its capacity to maintain and grow operations.

Internal Rate of Return

A metric used in financial analysis to estimate the profitability of potential investments, calculated as the rate of return that sets the net present value of all cash flows from the investment equal to zero.

Annual Cost Savings

Financial savings that a company or individual realizes over a one-year period, often as a result of efficiency improvements or cost-cutting measures.