10
AssignmentMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives

Question 10 • (AG Q4) Financial Literacy: 25-26 (JRush)

The McCarran-Ferguson Act put control of the insurance industry in the hands of _____.

Answer
A
state governors
B
state and federal authorities
C
state insurance commissioners
D
federal elected officials

Explanation

The McCarran-Ferguson Act generally left the regulation of insurance to the states. State insurance commissioners oversee insurance markets and enforce state insurance laws, so the best answer is state insurance commissioners.

AI-written and checked against the verified answer.

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