Which one of the following statements is true?

Which one of the following statements is true?



A. Insurers must be free to create policies that are in their best interest.
B. Insurance regulators review policies to determine if they benefit consumers.
C. Insurance policies are private contracts, the language of which is largely unregulated.
D. Regulators set coverage standards, but allow insurers to determine policy language.


Answer: B. Insurance regulators review policies to determine if they benefit consumers, and may specify policy language.

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