Multiple Choice
A Supreme Court ruling in March 1996 held that
A) state laws to prevent banks from selling insurance can be superseded by federal rulings from banking regulators that allow banks to sell insurance.
B) state laws to prevent banks from selling insurance cannot be superseded by federal rulings from banking regulators that allow banks to sell insurance.
C) state laws to prevent banks from selling insurance can be superseded only if Congress enacts legislation that allow banks to sell insurance.
D) state laws to prevent banks from selling insurance cannot be superseded by federal legislation.
Correct Answer:
Verified
Correct Answer:
Verified
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