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.

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Definitions:

Existential Import

In logic, the implication that a statement assumes the existence of the subject it mentions.

Modern View

A contemporary perspective or interpretation on a topic, often differing significantly from traditional or historic stances.

Existential Import

Refers to the implication that a statement about a category has at least one member.

Modern View

A contemporary perspective or way of thinking about a subject, often contrasting with traditional views.