Which of the following statements concerning the proposed optional fed

Which of the following statements concerning the proposed optional federal charter for life insurers is (are) true?

I. Large insurers operating in many states would more likely prefer a state charter while smaller, regional, insurers would more likely choose a federal charter.
II. Proponents of the federal charter argue that it would speed the development and approval of new products.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B