How does the government ensure consumer protection in the insurance industry?

Related FAQs

What is reinsurance and how is it regulated?
Who regulates the sale of insurance products?
How does the insurance industry use actuarial science to evaluate risk?
How does insurance regulation protect consumers?
What are the different types of insurance available?
How do insurance companies protect themselves against fraud?
What is the difference between reinsurance and insurance?
How is the insurance industry's reserves calculated?
Are there any restrictions on how much insurance companies can charge for their policies?
What is the role of the Department of Insurance in setting and enforcing regulations?

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