Question

How do regulators ensure a level playing ground for all insurers?

a.

By favoring certain insurers over others

b.

By allowing insurers to set their own ethical standards

c.

By ensuring all insurers abide by ethical practices and no one gains an unfair advantage

d.

By creating complex regulations that only some insurers can comply with

Posted under IC 14 Regulations of Insurance Business

Answer: (c).By ensuring all insurers abide by ethical practices and no one gains an unfair advantage Explanation:Regulators ensure a level playing ground for all insurers by ensuring that all insurers abide by ethical practices and that no one gains an unfair advantage, thus creating a fair and competitive market environment.

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Q. How do regulators ensure a level playing ground for all insurers?
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