Question

How do regulations impact commission rates in the insurance industry?

a.

Regulations mandate fixed commission rates for all insurers

b.

Regulations set a maximum limit on commission payments

c.

Regulations require insurers to offer competitive commission rates

d.

Regulations do not affect commission rates

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Regulations set a maximum limit on commission payments Explanation:Regulations often impose a maximum limit on commission payments to ensure fairness and protect consumers from excessive premiums.

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Q. How do regulations impact commission rates in the insurance industry?
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