Seth is claims counsel for an insurance company. As part of his duties as advisor to and trainer of the claims staff, he should keep in mind that

Select one:

A. The punishment for insurance professionals found to be noncompliant with insurance regulation is limited to fines.

B. The National Association of Insurance Commissioners (NAIC) regulates insurance activities in all states.

C. Failing to abide by regulatory requirements can lead to allegations of errors and omissions, or even bad faith.

D. Regulators cannot mandate specific training or continuing education requirements for insurance professionals to maintain their licenses.