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QuestionBusiness Law

"An insurer's claim settlement practices are regulated by the: A. State insurance departments B. National Association of Insurance Commissioners (NAIC) C. Securities and Exchange Commission (SEC) D. National Association of Claims Adjusters (NACA)"
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Step 1
: Identify the governmental body responsible for regulating an insurer's claim settlement practices.

In the United States, insurance is primarily regulated at the state level. Each state has its own insurance department responsible for overseeing and regulating insurance companies within its jurisdiction. These departments ensure that insurance companies adhere to certain standards, including their claim settlement practices. So, the correct answer is: A. State insurance departments

Final Answer

The insurer's claim settlement practices are regulated by the State insurance departments.

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