What is the purpose of the Insurance Act in regulating the insurance industry?

Related FAQs

How do insurers assess the risk of providing certain types of insurance?
Is there a minimum level of coverage that is required by law?
How does insurance regulation affect consumers?
How do I file a complaint against an insurance company?
What are the requirements for obtaining an insurance license?
What measures should be taken to reduce the number of insurance frauds?
What is the difference between admitted and non-admitted insurance companies?
What is the responsibility of an insurance agent?
How do regulators protect the public in the insurance industry?
What types of insurance policies exist?

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