2. Regulation of insurance companies Which of the following creates standards for insurance companies and facilitates cooperation among state insurance agencies? The National Association of Professional Insurance Agents (NAPIA) The National Association of Insurance and Financial Advisors (NAIFA) The National Association of Insurance Commissioners (NAIC) The Insurance Regulatory Information System (IRIS) Which of the following is true regarding Insurance regulation? Check all that apply. The risk-based capital ratio is used to identify insurance companies with high risk exposure and force them to hold a high level of capita If an Insurance company becomes insolvent, a federal emergency fund is used to pay outstanding claims. Insurance agents must be licensed in order to sell insurance products. United States-based insurance companies that expand their business internationally are subject to foreign insurance regulations. Which of the following created the Federal Insurance Office? The Financial Reform Act of 2010 The Sarbanes-Oxley Act The Financial Services Modernization Act The Glass-Steagall Act Grade It Now Save & Continue Continue without