Question: For this question, if answer choices (1) through (3) are all correct, select answer choice (4). Otherwise, select the one correct answer choice. States receive

For this question, if answer choices (1) through (3) are all correct, select answer choice (4). Otherwise, select the one correct answer choice. States receive accreditation through the National Association of Insurance Commissioners (NAIC) Financial Regulation Standards and Accreditation Program by undergoing an on-site review in which an independent audit team evaluates a state's compliance with NAIC standards. The NAIC standards require states to have effective organizational practices adequate resources to oversee insurer solvency adequate authority to regulate insurers' corporate and financial affairs all of the above

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