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Which statement concerning Alabama's life insurance solicitation regulations is true?

a) There are no regulations in Alabama
b) Regulations only apply to out-of-state agents
c) Regulations are consistent with federal guidelines
d) Regulations vary by county

1 Answer

6 votes

Final answer:

Alabama's life insurance solicitation regulations are consistent with federal guidelines and are designed to manage insurance prices and ensure availability to all Alabama residents, they are uniformly applied across the state.

Step-by-step explanation:

Concerning Alabama's life insurance solicitation regulations, the true statement is that they are consistent with federal guidelines. The insurance industry in the United States is regulated primarily at the state level, and this includes life insurance. In Alabama, the regulations are in place not only to adhere to federal guidelines but also to manage the prices and ensure availability of insurance for all residents. These regulations are uniformly applied across the state and are not specific to out-of-state agents or varying by county.

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