Which of the following is a principal method of ensuring the solvency of insurer

Question

Which of the following is a principal method of ensuring the solvency of insurers?

tracking and investigating market conduct complaints against insurers

disciplining agents of the insurer for illegal sales practices

regulating the forms (applications and policies) employed by the insurer

requiring submission of annual financial statements to state regulators

tracking and investigating market conduct complaints against insurers

disciplining agents of the insurer for illegal sales practices

regulating the forms (applications and policies) employed by the insurer

requiring submission of annual financial statements to state regulators

Explanation / Answer

tracking and investigating market conduct complaints against insurers is a principal method of ensuring the solvency of insurers as this provides for maximum scope for judging the right.

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