Which of the following is not a stated purpose of regulation? D. Deal with uniqu

Question

Which of the following is not a stated purpose of regulation? D. Deal with unique pricing problems that do not allow for full and unrestrained competition B. Maintain insurer solvency C. Promote social goals D. Promote competition among the largest insurers in the state Which of the following is the most important goal of insurance regulation? A. Promoting the solvency of insurance companies B. Approving the contractual language of insurance policies sold in the state C. Limiting the number of insurance companies in the state D. Mandating that all citizens purchase auto insurance and health insurance

Explanation / Answer

1)

Option A is correct.

Deal with unique pricing problems that do not allow for full and unrestrained competition

2)

Option A is correct.

Promoting the solvency of insurance companies

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