Priscilla once had a negative experience with a property insurance company and wants to make sure it does not happen again. Her financial advisor reassures her about the credibility of insurance companies by telling her about the insurance industry and its regulations. Which of the following statements is FALSE? a) The Property and Casualty Insurance Compensation Corporation is an industry-operated fund that pays policy claims if a member insurance company goes bankrupt. Payment is limited to $100,000. O b) In Canada, the property and liability insurance industry is regulated by both federal and provincial governments. c) The federal Office of the Superintendent of Financial Institutions is primarily concerned with the solvency and stability of insurance companies. O d) There are over 200 general insurance companies in Canada, controlling about $88 billion in assets