IIA Exam IIA-CFSA Topic 4 Question 38 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 38
Topic #: 4

[All IIA-CFSA Questions]

Insurance industry is regulated by:

AState Governments

BFederal Government

CNon-Government

DAll of these

Show Suggested Answer

Suggested Answer: D

by Katina at Aug 28, 2023, 01:24 PM

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Ulysses

2 months ago

I heard the insurance industry's regulatory body is called the 'Bureau of Bureaucracy and Loopholes'.

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Tiffiny

2 months ago

In the insurance industry, the only thing that's not regulated is the height of the stacks of paperwork.

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Jolanda

26 days ago

D) All of these

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Pamella

1 months ago

B) Federal Government

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Rex

1 months ago

A) State Governments

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Emerson

2 months ago

This is a classic case of 'all of the above' being the correct answer. Gotta love those trick questions!

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Amira

2 months ago

All of these? Really? I don't think the insurance industry is regulated by non-government entities. This question is tricky!

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Britt

18 days ago

Yes, you're right. Insurance industry is indeed regulated by both State and Federal Governments to ensure consumer protection and fair practices.

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Josephine

20 days ago

I think it's D) All of these because insurance industry is regulated by both State and Federal Governments.

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Asuncion

21 days ago

D) All of these

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Malika

22 days ago

C) Non-Government

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Barney

1 months ago

B) Federal Government

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Ryan

2 months ago

A) State Governments

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Linette

3 months ago

Wait, I thought the insurance industry was federally regulated. Option B seems right to me.

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Valda

2 months ago

I'm not sure, but I think insurance companies have to follow regulations set by both state and federal governments. So, option D makes sense to me.

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France

2 months ago

I believe state governments have more control over insurance regulations. So, I would go with option A.

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Tony

2 months ago

I think it's actually regulated by both state and federal governments. So, option D might be the correct answer.

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Crissy

3 months ago

Hmm, I'm not sure. Maybe it's regulated by both State and Federal Governments.

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Nenita

3 months ago

The insurance industry is definitely regulated by state governments, so I'm going with option A.

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Sharee

2 months ago

I think the insurance industry is mainly regulated by state governments, so I would pick option A.

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Carole

2 months ago

I'm not sure, but I think it might be a combination of state and federal regulations, so I would choose option D.

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Mike

2 months ago

I believe state governments have more control over insurance regulations, so I would go with option A.

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Fanny

3 months ago

I think it's actually regulated by both state and federal governments, so I would choose option D.

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Shelton

4 months ago

I believe it's actually regulated by Federal Government.

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Crissy

4 months ago

I think the insurance industry is regulated by State Governments.

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