Which of the following is authority given to the Federal Insurance Office created by the Dodd-Frank Act?
A) to represent the federal government in international discussions of insurance regulation
B) to license and charter new insurance companies that plan to operate nationally
C) to be the primary monitor of insurance company solvency
D) to be the primary regulator of all aspects of insurance
Question 2
To correct abuses in the financial services industry, Congress passed an Act in 2010 that included numerous provisions to reform the financial services industry. This Act was the
A) Financial Modernization Act.
B) McCarran-Ferguson Act.
C) Dodd-Frank Act.
D) Biggert-Waters Act.
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