PROPERTY & CASUALTY TEST (INDIANA SECTION) QUESTIONS WITH ANSWERS (ALL ANSWERS CORRECT)

PROPERTY & CASUALTY TEST (INDIANA SECTION) QUESTIONS WITH ANSWERS (ALL ANSWERS CORRECT)
Question : Insurance commissioner has the authority to..?
CORRECT ANSWER: enforce state insurance laws
Question : Department of Insurance has the power to..?
CORRECT ANSWER: Supervise the organization,
regulation, examination, rehabilitation, liquidation and
conservation of all insurance companies doing business in
the state
Question : Insurance laws have been written to protect
CORRECT ANSWER: the insuring public
Question : The commissioner has 3 main authorities
CORRECT ANSWER: 1. Executive Authority2.
Legislative Authority 3. Judicial Authority

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