Identify the important landmarks in the history of insurance regulation.

Assume you are the Human Resources Manager for a large insurance company and you are responsible for creating a PowerPoint presentation for new employees of the company. Your boss wants a presentation that will give an overview of the insurance market, how the economy plays a role in the business, and issues surrounding insurance regulations. Your presentation must address the following objectives: 1- Describe the main participants in the insurance market. 2- Explain how the economic theory of supply and demand applies to the insurance market. 3- Describe how the courts, the law, and the insurance commissioner provide consumer protection in the insurance market. 4- Define the term regulation and give four reasons why the insurance industry and the insurance transaction are comprehensively regulated. ·5- Identify the important landmarks in the history of insurance regulation. 6- Explain the role the National Association of Insurance Commissioners plays in insurance regulation. 7- Describe the regulatory activities of state insurance departments, including solvency regulation, rate regulation, investment regulation, and regulation of agents and company officers.