Multiple choice technology testing

------- act of US empowers state govt to regulate insurance industry

  1. IRDA Act

  2. The Mc Carran Ferguson Act

  3. NAIC

  4. Security Exchange Norms

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The McCarran-Ferguson Act (1945) delegates primary insurance regulatory authority to state governments and exempts the insurance industry from most federal regulation, establishing the foundation of the US state-based insurance regulatory system.