20
QuizMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives — Test

Question 20 • (AG Q4) Financial Literacy: 25-26 (JRush)

The insurance industry was put into the care and authorization of the individual states by the passing of the _____.

Answer
A
Health Insurance Portability and Accountability Act
B
McCarran-Ferguson Act
C
Affordable Care Act
D
Dodd-Frank Act

Explanation

The McCarran-Ferguson Act of 1945 established that insurance regulation would primarily be handled by individual states. This matches the question’s description of placing the insurance industry under state care and authorization. The other laws address health privacy and portability, health reform, and financial regulation more broadly.

AI-written and checked against the verified answer.

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