(a) Again there are two issues that must be addressed by courts when they review the rule-making...

Question:

(a) Again there are two issues that must be addressed by courts when they review the rule-making (quasi-legislative) functions of agencies. What are these two issues? Explain each.
(b) A national bank sought permission from the comptroller of the currency to sell annuities.
This permission was granted as “incidental to the business of banking.” The Variable Life Insurance Company filed suit claiming the comptroller should not have granted this permission. What standard of review of this administrative decision should courts apply? Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...