Multiple choice technology testing

The main goal of Insurance regulations are

  1. Making profit to insurance companies

  2. Ensuring solvency of insurance companies to meet their claim obligations

  3. Conduct operations in ethical manner

  4. Both B &C
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Insurance regulation serves two primary consumer protection goals: ensuring insurers maintain financial solvency to pay future claims, and requiring ethical conduct in sales, claims handling, and market practices. Profit maximization for insurers is not a regulatory objective.

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