AnswersAG Q4 Financial Literacy 25-26 JRushAsset-backed Securities, Loan Sales, and Derivatives

Government Regulation of Insurance Answers

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1
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Insurance programs under federal government regulation include _____. (Select all that apply.)

A
Medicare
B
COBRA
C
Medicaid
D
none
2
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A state’s insurance commissioner may be _____. (Select all that apply.)

A
voted in by the people of that state
B
appointed by the state’s governor
C
also the governor of the state
D
appointed by the president
4

Insurance company solvency standards are mainly the responsibility of _____.

A
each individual insurance company
B
the governor of the state
C
the Federal Government
D
the National Association of Insurance Commissioners
5

To residents of the US, the single most important benefit to the Affordable Care Act is _____.

A
states do not have to expand their Medicaid coverage if they choose not to
B
the level of income for the Medicaid program is adjusted
C
the Supreme Court ruled that the federal government could mandate insurance coverage
D
patients do not have to fear losing insurance because of a medical condition.

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