The McCarran-Ferguson Act of 1974 states:
A) Federal government can regulate business of insurance only to the extent not regulated by state law.
B) State government can regulate business of insurance only to the extent not regulated by federal law
C) Federal government and state government mutually regulate insurance business
D) Federal law is only relevant to interstate commerce situations.
Correct Answer:
Verified
Q2: Risks are not all equally insurable. As
Q3: If an insured individual is indemnified for
Q4: Insurance transacted across state lines is deemed
Q5: If a debtor is unable to pay
Q6: Limit of liability is more commonly referred
Q8: As an insurer, if you choose to
Q9: Which of the following protects the insured
Q10: Disclosure authorization must be given to applicants:
A)When
Q11: The majority of insurance regulation takes place
Q12: Disclosure must state the reason and purpose
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