To determine compliance with state insurance laws and regulations.
This is the primary reason for a commissioner's examination of a producer's insurance record.
Insurance is protection against financial loss. It is a form of risk management used primarily to hedge the risk of potential or uncertain losses. Companies that provide insurance are known as insurers, insurers, insurers, or underwriters.
Insurance can cover medical expenses, vehicle damage, business loss, accidents while traveling, and more. Life insurance and property and casualty insurance are the two main types of insurance. Property and casualty insurance can be further divided into sub-categories classified into different types of insurance.
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