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Question 8

Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for this?

A. [tex]$0
B. $[/tex]5,000
C. [tex]$10,000
D. $[/tex]15,000

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Answer :

GinnyAnswer

Final answer:

The McCarran-Ferguson Act allows states to regulate insurance; obtaining personal information without reason may not incur a fine.


Explanation:

The McCarran-Ferguson Act, passed in 1945, grants states the authority to regulate the business of insurance within their borders. Violating privacy laws, such as obtaining personal information without legitimate reasons, can lead to fines.

Under this Act, the minimum penalty for obtaining personal information without a legitimate reason is $0, meaning there could be no monetary penalty.


Learn more about McCarran-Ferguson Act and privacy violations here:

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