State RegulationsFL specificDifficulty 1/5
Which statement about investigations by the Office of Insurance Regulation is correct?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under the Florida Insurance Code, the Office of Insurance Regulation conducts investigations of insurers and industry practices on its own initiative, in response to consumer complaints, and through examinations, and the findings can support administrative action against insurers or other enforcement measures.
Why the other options are wrong
- B) OIR investigates insurers and industry practices, not policyholders, and its reach is not defined by policyholder domicile.
- C) Investigations are not confined to rate filings; claims, marketing, and market conduct matters are all within scope.
- D) Outside auditors are not a prerequisite; OIR may open investigations using its own staff and examiners.
Memory hook
OIR can open a file on its own motion.