Respuesta :
The two goals state insurance regulators attempt to accomplish are to keep the price of insurance low and make sure that everyone has insurance.
What do regulators of insurance do?
A state's insurance industry is regulated by insurance authorities. They examine company operations, conduct investigations, execute punishments, and grant (and even withdraw) licenses. Protecting both insurers and the insured is the main goal of an insurance regulator.
Industry regulations are strict about preserving an insurance company's financial stability because doing so puts its clients' coverage at risk. Although statutory rules adopted by state legislatures oversee regulators, administrative adjudication, court rulings, and federal law also play a significant influence in their operations.
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