Question: Like most insureds, Bob Boatowner does not know enough about insurance policies to be sure he is being treated fairly. But Bob does not have

Like most insureds, Bob Boatowner does not know enough about insurance policies to be sure he is being treated fairly. But Bob does not have to worry too much about this, because one of the purposes of insurance regulation is to

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approve newly drafted insurance policies to verify that they are fair to the general public.

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review and approve each insurance policy as it is issued.

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act as a backup in case an insurer refuses to pay a claim.

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weed out the undesirable customers so that the insurers do not issue policies to them.

Like most insureds, Bob Boatowner does not know enough about insurance

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