What is the role of the insurance industry in society?

Related FAQs

How do insurance companies set their premiums?
How do insurance companies protect themselves against fraud?
What are the benefits and drawbacks of having an insurance policy?
Is there a minimum level of coverage that is required by law?
What is the purpose of insurer solvency regulation?
What is the purpose of the Insurance Act in regulating the insurance industry?
What measures should be taken to reduce the number of insurance frauds?
What is the difference between state and federal insurance regulation?
Are there any restrictions on how much insurance companies can charge for their policies?
How often do insurance regulations change?

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