The Maryland Insurance Administration is an agency of the:
A.
Federal government
B.
State government
C.
National Association of Insurance Commissioners
D.
Maryland General Assembly
The Answer Is:
B
This question includes an explanation.
Explanation:
Comprehensive and Detailed Step by Step Explanation:The Maryland Insurance Administration (MIA) is astate governmententity responsible for regulating the insurance industry in Maryland.
State government (B):MIA enforces insurance laws, reviews policy forms, licenses insurers and producers, and investigates consumer complaints.
Federal government (A):Oversees broader regulations, like ERISA, but does not directly manage state-level insurance matters.
National Association of Insurance Commissioners (C):A regulatory support organization, not a governing body.
Maryland General Assembly (D):Creates state laws, but enforcement falls under the MIA.
References: Maryland Insurance Administration Overview and State Regulatory Framework.
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