Which of the following cases/laws best describes the ruling that insurance transactions crossing state lines are not considered interstate commerce?

a. Public Law 15

b. McCarran Ferguson Act

(c.) Paul v. Virginia

d. United States v. South-Eastern Underwriters Association

Answer: C

State Insurance

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The pro rata liability clause is designed to protect the principle of
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All of these statements concerning whole life insurance are false EXCEPT
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Fixed annuities provide each of the following EXCEPT
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A domestic insurer issuing variable contracts must establish one or more
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All of these statements about the Waiver of Premium provision are correct EXCEPT
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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
Life insurance policies will normally pay for losses arising from
Which of the following statements regarding the taxation of Modified Endowment Contracts is FALSE
Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
Agents may be found guilty of defamation if they make a false statement that is intended to?
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
What documentation grants express authority to an agent?
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Which nonforfeiture option provides coverage for the longest period of time?
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All of the following are true regarding a decreasing term policy EXCEPT
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Which of these would be the best example of a limited pay life insurance policy?
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The pro rata liability clause is designed to protect the principle of
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What is the benefit of choosing extended term as a nonforfeiture option?
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The requirement that agents not commingle insurance monies with their own funds is known as
Who is responsible for assembling the policy forms for insureds?
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What is the purpose of establishing the target premium for a universal life policy?
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Which of the following is true regarding a market value adjusted annuity?
What is the other term for the cash payment settlement option?
What documentation grants express authority to an agent?

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