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Module 8 - NC General Statutes & Regulations Verified Answers
Module 8 - NC General Statutes & Regulations Verified Answers 
Purpose of Regulating the Insurance Industry 
The purpose of the North Carolina's regulation of 
the insurance industry is to promote the welfare of the general public and protect its interests in the 
ability to purchase coverage for insurable risks. 
The North Carolina Department of Insurance (NCDOI) was created by the state legislature to 
administer and carry out the laws and statutes regarding insurance. 
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