Question

What is the role of disclosure requirements in achieving transparency in the insurance industry?

a.

They limit transparency

b.

They are unrelated to transparency

c.

They are a necessary precursor to transparency

d.

They hinder comparability between insurers

Answer: (c).They are a necessary precursor to transparency Explanation:Disclosure requirements are considered a necessary precursor to transparency in the insurance industry.

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Q. What is the role of disclosure requirements in achieving transparency in the insurance industry?

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