In this Insurance Regulation, Insurance Exam Podcast episode we are going to be covering the first part of insurance regulation:
It is in the best interest of everyone that what insurance companies do is actually a service and not a disservice. To make sure this happens, insurance is highly regulated to make sure people on all sides are handled fairly. Insurers control huge amounts of money, and regulations help make sure that this money is used properly.
Federal Regulation of the Insurance Industry
Most of the regulation for insurance takes place on a state level. States get to make their own laws as they see best to help the people in their state. There are, however, some regulations that have been put in place by the federal government.
The federal government regulates companies who have large inter-state dealings. It fills in the gaps for aspects where insurance is not regulated by state laws.
And in this lesson we will be discussing the landmark court cases that helped develop these insurance regulations.
We hope if you are studying for the life health insurance examination you may find this podcast useful informative and interesting .
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Here is the link to episode 1
https://www.insuranceexampodcast.com/insurance-exam-podcast-episode-1/
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