Insurance Regulation Flashcards
(4 cards)
examples of unfair and deceptive trade practices
rebating, circulating false financial statements, and misrepresentation of dividends
primary regulatory authority for the insurance industry in the US
states
head of a state insurance dept is responsible for…
licensing and supervising agents and brokers, overseeing issuers’ marketing practices, and issuing rules and regulations.
head of a state insurance dept is NOT responsible for…
writing and enacting insurance laws. that falls to the state legislature.