Which of the following statements is TRUE? I will upvote the fast and accurately reliable answer

The most important choice a consumer must make when purchasing insurance is coverage from a company with the widest array of policy alternatives.

In most states, regulators rely on the risk-based capital ratio to limit the underwriting risk an insurance company can take.

In most states, the insurance commissioner is appointed by the president.

The National Association of Insurance Commissioners (NAIC) regulates the insurance industry by providing a mandatory set of standards for states to enact.