The McCarran-Ferguson Act of 1945 Represents Legislation Confirming the Primacy

question 32

True/False

The McCarran-Ferguson Act of 1945 represents legislation confirming the primacy of state over federal regulation of insurance companies.

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Definitions:

Adhocracy

An organizational structure that is flexible and adaptable, characterized by a lack of formal hierarchy and the ability to quickly respond to changes.

Professional Bureaucracy

An organizational structure that relies on trained professionals to make key decisions rather than on a centralized authority.

Simple Structure

Indicates an organizational design with low complexity, few layers of management, and a focus on direct, clear lines of communication and decision-making.

Divisionalized Form

This organizational structure divides an entity into semi-autonomous units or divisions, each responsible for their own operations, products, or services.