Author Question: All of the following statements about the methods of regulating insurance are true EXCEPT A) All ... (Read 45 times)

SGallaher96 · **on:** Jul 11, 2018

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.

Question 2

The right of the states to regulate the business of insurance was first established by

A) the South-Eastern Underwriters Association case.
B) the case of Paul v. Virginia.
C) the Financial Modernization Act.
D) the Sherman Act.