Question

In: Finance

The commissioner of insurance generally has more control over insurers not licensed in the state. (True...

The commissioner of insurance generally has more control over insurers not licensed in the state. (True or False)?

Solutions

Expert Solution

The statement is TRUE

The commissioner of insurance generally has more control over insurers not licensed in the state to ensure that fair pricing for insurance products in the industry , protecting the solvency of insurance companies and preventing unfair practices by insurance companies.


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