This act allowed financial institutions to consolidate their services, bringing sweeping changes for insurance as part of its provisions.One of the provisions of this act requires U.S.jurisdictions to adopt uniform or reciprocal agent- and broker-licensing laws by November 2002.If this requirement is not met, a National Association of Registered Agents and Brokers will be created.Identify this act.
A) Sarbanes-Oxley (SOX) Act
B) Gramm-Leach-Bliley Financial Services Modernization Act (GLBA)
C) State Modernization and Regulatory Transparency (SMART) Act
D) Health Insurance Portability and Accountability Act (HIPPA)
E) Federal Information Security Management Act (FISMA)
Correct Answer:
Verified
Q42: In states that use this method, an
Q43: Which of the following statements is true
Q44: To qualify for a license, an insurer
Q45: Nonadmitted or nonlicensed insurers are also called:
A)alien
Q46: _ insurers are those formed in another
Q48: The _ is determined on the basis
Q49: _ is the quantity of insurance coverage
Q50: Life insurers have more stringent investment regulations
Q51: Which of the following statements is true
Q52: Every state has an insurance department to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents