Pls help ASAP
Your query is concerned with insurance governance and regulation, particularly as it relates to the "Registered Insurance Broker Act." This law controls how insurance brokers operate and behave in a certain area or jurisdiction.
The question focuses on the organizational and regulatory features of the insurance business by asking how many committees were created by the act and nominated by the council. These committees have responsibilities for monitoring and controlling the actions of insurance brokers, guaranteeing adherence to applicable laws and rules, and defending the interests of customers and other market participants.
It would be prudent to consult the relevant regulatory body in charge of overseeing insurance brokers in the relevant jurisdiction or refer to the official legislative documentation in order to learn more details about the "Registered Insurance Broker Act" and the committees it authorizes.
Step by step
Solved in 3 steps
