Under the Provisions of the Gramm-Leach-Bliley Act, All of the Following

Under the provisions of the Gramm-Leach-Bliley Act, all of the following are true except:

A) state insurance commissioners oversee insurers operating in their state
B) within a financial services holding company, insurance records must be kept separate from other financial records
C) only licensed insurance agents can receive commissions for insurance sales
D) state insurance commissioners and the Federal Reserve jointly oversee the banking activities of insurer-owned banks