Question: 6. (6 points) Explain the difference between facultative reinsurance and automatic or treaty reinsurance. 7. (5 points) Explain why insurance is regulated by the states

6. (6 points) Explain the difference between facultative reinsurance and automatic or treaty reinsurance. 7. (5 points) Explain why insurance is regulated by the states when it is interstate commerce which can only be regulated by Congress

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