QUESTIUN 40 The primary difference between an insurance agent and an insurance broker is: a. their compensation scheme 1. Explain why the field of insurar e has been regarded as a type of business that requires government regulation. 2. Precisely what is meant by the statement that insurance is an industry that is vested in the public interest. 3. Identify the landmark decisions and statutes that led to the present status of insurance with respect to the federal antitrust laws. 4. Briefly outline the provisions of the McCarran Ferguson Act. QUESTIUN 40 The primary difference between an insurance agent and an insurance broker is: a. their compensation scheme 1. Explain why the field of insurar e has been regarded as a type of business that requires government regulation. 2. Precisely what is meant by the statement that insurance is an industry that is vested in the public interest. 3. Identify the landmark decisions and statutes that led to the present status of insurance with respect to the federal antitrust laws. 4. Briefly outline the provisions of the McCarran Ferguson Act