Multiple Choice
The U.S. Financial Services Modernization Act of 1999
A) stipulates that a financial services holding company that engages in commercial banking, investment banking, and insurance activities will be functionally regulated.
B) allows bank holding companies to open insurance underwriting affiliates.
C) requires banks that underwrite and sell insurance to operate under the same set of state regulations as insurance companies.
D) All of these.
E) stipulates that a financial services holding company that engages in commercial banking, investment banking, and insurance activities will be functionally regulated, and allows bank holding companies to open insurance underwriting affiliates.
Correct Answer:
Verified
Correct Answer:
Verified
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