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10/2/20

[Answer] The Commissioner of Banking and Insurance is appointed by which of the following?The LegislatureThe SenateThe GovernorThe Secretary of State

Answer: The Governor




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The Commissioner of Banking and Insurance is appointed by which of the following?The LegislatureThe SenateThe GovernorThe Secretary of State State insurance codes have to be ratified by the National Association of Insurance Commissioners (NAIC) . Insurance is not a transaction of commerce.In many states it is illegal for an agent to offer anything other than the policy as an inducement to buy insurance . All of the following are true about the Insurance Commissioner s powers EXCEPT: A. The Commissioner requires Virginia laws to be uniform with neighboring states B. The Commissioner administers insurance laws C. The Commissioner has "order" making power D. The Commissioner may not revoke your license without a hearing All of the following statements about insurance regulation are true EXCEPT A) Insurance commissioners are appointed in some states and elected in some states. B) Insurers are subject to regulation by certain federal agencies and laws. C) The National Association of Insurance Commissioners (NAIC) can force states to adopt the model laws that it ... Members of the _____ include state and territorial insurance commissioners or regulators. A Financial Industry Regulatory Authority (FINRA) B National Association of Insurance Commissioners (NAIC) C Federal Insurance Office (FIO) D Securities and Exchange Commission (SEC) OutlineFlag QuestionEnd ExamSupport (12 / 15) 23. Which bank regulatory agency regulates bank holding companies? a. the Comptroller of the Currency b. the Federal Reserve System c. the FDIC d. individual state agencies (b) 24. The moral hazard problem of federa...

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