The purpose of the Gramm-Leach-Bliley Act is to:

a. Rule that insurance transactions crossing state lines are interstate commerce

(b.) Allow financial entities to merge and accommodate greater competition

c. Regulate the way credit information is collected and used

d. Rule that insurance is primarily regulated on a state-level with minimal federal oversight

Answer: B

State Insurance

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What is the other term for the cash payment settlement option?
The pro rata liability clause is designed to protect the principle of
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A domestic insurer issuing variable contracts must establish one or more
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A beneficiary change can occur
No existing agent's license will be revoked until
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The pro rata liability clause is designed to protect the principle of
The two major actions required for a policyholder to comply with the Reinstatement Clause are
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In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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The requirement that agents not commingle insurance monies with their own funds is known as
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What is the purpose of establishing the target premium for a universal life policy?
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What is the purpose of establishing the target premium for a universal life policy?
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