CPCU 530 Ch 1 review Exam | Questions with
100% Correct Answers | Verified | Latest Update
2026/2027
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Terms in this set (15)
Provisions of constitution relevant 1. Delegates powers to Congress to regulate
insurnace business commerce, levy and collect taxes, borrow money,
etc.
2. 5th amendment due process
3. 14th amendment - also applies to state govt
action, which can give rise to a complaintt by an
insurer if regulation rasies rates without sufficitent
notice. Also discrimination.
Role of NAIC Pools information to help regulators coordinate
responses to changing conditions in the insurance
marketplace. Develops model laws, regulations,
and gidelines.
How administrative agencies Agency rules, regulations, and ruling have the full
become sources of law force of the law and constitute the body of the
administrative law. The legislative delegation of
rule-making power to an administrative agency is
constitutional as long as the legislation carefully
defines the scope if the delegated power, the
agency exercises its rulemaking power within the
defined scope, and the rules are subject ti judicial
review.
100% Correct Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (15)
Provisions of constitution relevant 1. Delegates powers to Congress to regulate
insurnace business commerce, levy and collect taxes, borrow money,
etc.
2. 5th amendment due process
3. 14th amendment - also applies to state govt
action, which can give rise to a complaintt by an
insurer if regulation rasies rates without sufficitent
notice. Also discrimination.
Role of NAIC Pools information to help regulators coordinate
responses to changing conditions in the insurance
marketplace. Develops model laws, regulations,
and gidelines.
How administrative agencies Agency rules, regulations, and ruling have the full
become sources of law force of the law and constitute the body of the
administrative law. The legislative delegation of
rule-making power to an administrative agency is
constitutional as long as the legislation carefully
defines the scope if the delegated power, the
agency exercises its rulemaking power within the
defined scope, and the rules are subject ti judicial
review.
