As of 2015,the Primary Regulator of Both the Life and Property-Casualty

question 6

Multiple Choice

As of 2015,the primary regulator of both the life and property-casualty insurance industry is/are the

• A)state insurance commissions.
• B)NAIC.
• C)Federal Reserve.
• D)IRIS.

---

Definitions:

Raw Materials

Basic substances or components that are used in the initial stages of the manufacturing process to produce goods.

Raw Materials Inventory

The stock of unprocessed materials that are used in the manufacturing process to produce finished goods.

Cost of Goods Sold

The total direct costs attributable to the production of the goods sold by a company.

Raw Materials

Basic materials that are used to produce goods, finished products, or intermediate materials which are feedstock for future finished products.