Question

The federal government does NOT regulate the insurance business through which of the following?

a-Federal Emergency Management Authority
b-Terrorism Risk Insurance Act
c-Fair Credit Reporting Act
d-Gramm-Leach Bliley Act

Answer 1

The federal government does not regulate the insurance business through the Terrorism Risk Insurance Act (TRIA).

Step-by-step explanation:

The federal government does not regulate the insurance business through the Terrorism Risk Insurance Act (TRIA). TRIA was enacted after the 9/11 terrorist attacks to provide a federal backstop for insurers in case of large-scale terrorism-related losses. It does not regulate the insurance industry, but rather provides a mechanism for insurers to obtain federal assistance in the event of a major terrorist attack.