Which of the following does NOT provide independent ratings of insurance companies' financial strength and claims-paying abilities? A. each state's Department of Insurance B. Standard & Poor's C. Moody's D. A. M. Best

A. each state's Department of Insurance

Explanation:

There are five independent agencies that provide independent ratings of insurance companies' financial strength and claims-paying abilities. They are:

1. A.M. Best,

2. Fitch,

3. Kroll Bond Rating Agency (KBRA)

4. Moody and

5. Standard & Poor's

Each have a rating scale, rating standards, its own population of rated companies, and its own distribution of companies across its scale.