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Which one of the following statements is correct? Select one: A . While bank employees are considered to have a fiduciary duty to their clients,

Which one of the following statements is correct?
Select one:
A. While bank employees are considered to have a fiduciary duty to their clients, insurance professionals do not.
B. Regulatory compliance can be simplified when insurance operations involve multiple states with multiple regulatory bodies.
C. An insurer merging with a bank may be considered part of the financial services sector and thus may be regulated at the federal level as well as at the state level.
D. The National Association of Insurance Commissioners (NAIC's) Model Acts and Model Regulations are mandatory for insurers.
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