Pennsylvania Life and Health Insurance Exam Practice Question
What regulatory identifier is displayed?
Correct Answer: A
Rationale: The NAIC, or National Association of Insurance Commissioners, is the regulatory identifier displayed, as it focuses specifically on insurance regulation in the United States.
FINRA (B) is a self-regulatory organization that oversees brokerage firms and exchange markets, not insurance.
The SEC (C), or Securities and Exchange Commission, regulates securities markets and protects investors, which is distinct from insurance regulation.
FDIC (D) refers to the Federal Deposit Insurance Corporation, which insures bank deposits and does not pertain to insurance regulation. Thus, NAIC is the only option relevant to insurance.
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