Which law gives chief financial officers the power to investigate insurance companies and producers, to issue cease and desist orders, and to impose penalties on violators?

Insurance

Are you having trouble answering the question “Which law gives chief financial officers the power to investigate insurance companies and producers, to issue cease and desist orders, and to impose penalties on violators?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

Which law gives chief financial officers the power to investigate insurance companies and producers, to issue cease and desist orders, and to impose penalties on violators?

A) Unfair Trade Practices Act.

B) McCarran-Ferguson Act.

C) Fair Credit Reporting Act.

D) Financial Services Modernization Act.

Answer: A) Unfair Trade Practices Act.

You should now have gotten the answer to your question “Which law gives chief financial officers the power to investigate insurance companies and producers, to issue cease and desist orders, and to impose penalties on violators?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.