Because of the Gramm-Leach-Bliley Act

question 13

Multiple Choice

Because of the Gramm-Leach-Bliley Act:

• A)agent licensing requirements must be uniform in all states
• B)agent licensing requirements will continue to be different across state lines
• C)agents will no longer have to be licensed to sell insurance
• D)agents selling variable annuities will no longer have to be licensed by the NASD

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Definitions:

Chicago School

A school of thought in sociology and criminology that emphasizes the influence of social structures and physical environments on human behavior, originating from sociologists at the University of Chicago in the early 20th century.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.

Political System

The structure of government and the set of formal legal institutions that constitute a government or a state.

Economic

Pertains to the production, distribution, and consumption of goods and services, as well as the management of money and resources in a society.