What role does the Dodd-Frank Act play as a first step toward federal involvement in insurance regulation?

What role does the Dodd-Frank Act play as a first step toward federal involvement in insurance regulation?

• A. It requires the Federal Reserve Board regulate large insurers that have been recognized as systematically significant.
• B. It empowers state regulators exclusively.
• C. It creates a new federal insurance agency.
• D. It limits federal involvement.

Answer: (A)