Which of the following statements concerning the proposed optional federal charter for life insurers is (are)true?
I.Large insurers operating in many states would more likely prefer a state charter while smaller,regional,insurers would more likely choose a federal charter.
II.Proponents of the federal charter argue that it would speed the development and approval of new products.

Question

Quizplus · Accepted Answer

II is true because a federal charter could streamline regulatory processes, making it easier and faster for insurers to develop and introduce new products. I is incorrect because typically, large insurers operating in multiple states would prefer a federal charter to simplify regulatory compliance across states, while smaller, regional insurers might opt for state charters due to their more localized focus.

Which of the Following Statements Concerning the Proposed Optional Federal