Question

which of the following is an advantage of state regulation of insurance over federal regulation of insurance? selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer a uniformity of laws b greater efficiency c more effective in negotiating international agreements pertaining to insurance d quicker response to local insurance problems

Explanation:

State regulation can better understand and respond to local insurance problems as it is closer to the local situation. Federal regulation may be more focused on a broader national or international scope. Uniformity of laws (a) is more associated with federal regulation aiming for consistency across the country. Greater efficiency (b) is not typically a clear - cut advantage of state over federal in insurance regulation. Federal government is more likely to be involved in international agreements (c).

Answer:

d. quicker response to local insurance problems