Question

What role does the regulator play in protecting policyholders?

a.

Ensuring insurers maximize profits

b.

Ensuring insurers avoid paying claims

c.

Creating a legal environment to protect policyholders' contractual rights

d.

Encouraging insurers to complicate policy wordings

Posted under IC 14 Regulations of Insurance Business

Answer: (c).Creating a legal environment to protect policyholders' contractual rights Explanation:The regulator creates a proper legal environment to ensure that policyholders are protected, and their contractual rights are safeguarded, especially when they come to insurers after a loss, ensuring that regulations are in place to protect policyholders.

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Q. What role does the regulator play in protecting policyholders?
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