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| *Loan,banking and credit>>>insurance industry |
How is the insurances industry regulated? |
answers in 300 to 500 words with referances The insurance industry is reguated by the individual states. Each state has a Board or Commissioner (plus a staff) that sets the rules and in some states approves the premium charged. If you are talking health insurance you also have the Feds since they pay the biggest part of the premiums. Medicare rules and rates affect every part of the Health care business. by the FSA, try their website for more details It is not regulated.....CEO's of insurance usurp and abuse any legal loopholes they can to benefit them and their company and leave the client, patient, and provider as the unwitting victim..... myself |
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