What are the main objectives of most state insurance regulators?
a. Enforcing insurance mandates and monitoring insurance company profits
b. Ensuring that all citizens have insurance and keeping insurance costs down
c. Legislating moral hazard insurance policies and setting healthcare standards
d. Monitoring adverse selection issues and setting insurance premium rates
b. Ensuring that all citizens have insurance and keeping insurance costs down
Keeping the cost of insurance low and ensuring that everyone has insurance are the two primary goals of most state insurance regulators.
You might also like to view...
What is resale price maintenance and why would a manufacturer want to use it? Under what circumstances would resale price maintenance increase social gain?
What will be an ideal response?
Hyperinflationary episodes are always related to extremely rapid growth of:
A) real GDP. B) money demand. C) interest rates. D) money supply.
You can put your $100 in Bank A that pays 8% at the end of the year. You can also put your $100 in Bank B that pays 4% at the end of six months and then 4% again at the end of the year. You will keep your $100 and all interest in the bank
At the end of the year A) the total will be the same at both banks. B) the total at Bank A will be greater. C) the total at Bank B will be greater. D) the total could be larger at either bank.
Which is NOT an example of signaling high quality in a social setting
a. wearing everyday clothes to a job interview b. leaving a big tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Visiting the beauty salon before a big date