Question
For the most part, who makes the laws governing the actions of insurance agents?
1. Cities and towns
2. Individual states
3. State and federal governments
4. The federal government
1. Cities and towns
2. Individual states
3. State and federal governments
4. The federal government
Answers
GPT-4o mini
The correct answer is **2. Individual states**.
Laws governing the actions of insurance agents are primarily created and regulated at the state level, with each state having its own insurance laws and regulations. While there are some federal regulations that can impact insurance, the bulk of the regulation is done by state governments.
Laws governing the actions of insurance agents are primarily created and regulated at the state level, with each state having its own insurance laws and regulations. While there are some federal regulations that can impact insurance, the bulk of the regulation is done by state governments.