Question 8 (2 points) 8) What of the following statements is false regarding insurance companies? A) Profitability for the life insurance industry was good until the financial crisis. B) In 1945, the McCarren-Ferguson Act gave state regulations primacy over federal regulations in insurance C) The WSRCPA established the Federal Insurance Office and the Financial Stability Oversight Council. D) Post-financial crash of 2007, the Fed still does not monitor the insurance industry at all. OE) Two major types of insurance life insurance and property/casualty insurance. 9) Which of the following statements is false regarding credit unions? OA) Federally chartered CUs are regulated by National Credit Union Association B) Corporate credit unions were very profitable during the financial crisis in 2007 because of risky security portfolios. C) Credit Unions can be state or federally chartered. OD) Credit Unions are non-profit depository institutions owned by their members. E) The National Credit Union Share Insurance Fund insures 98% of credit union deposits