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Answered

To what organization must all admitted insurers belong?

A. The Minnesota Association of Insurers
B. The Insurance Guaranty Association
C. The Minnesota Insurance Guaranty Fund
D. The National Association of Insurance Commissioners (NAIC)



Answer :

GinnyAnswer

Final answer:

All admitted insurers must belong to the National Association of Insurance Commissioners (NAIC) to conduct business within the state.


Explanation:

All admitted insurers must belong to the National Association of Insurance Commissioners (NAIC). Admitted insurers are licensed by the state insurance commissioner to conduct business within the state.

Being a part of NAIC ensures that insurers comply with regulatory standards, exchange information, and work towards common goals in the insurance industry.


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