Ace the Florida Life & Health Insurance Test 2025 – Dive In and Secure Your Success!

Question: 1 / 400

Which area of state regulation is NOT protected by the savings clause in ERISA?

Insurance

Banking

Commerce

The savings clause in ERISA states that any state law pertaining to "insurance" or "banking" or "securities" is not applicable to employee benefit plans covered under ERISA. This means that in these areas, the federal law of ERISA will supersede any conflicting state laws. However, "commerce" is not specifically mentioned in the savings clause, so state regulations in this area may still be applicable to employee benefit plans. It is important to note that "commerce" is a broad term that encompasses a wide range of activities, so it is possible for certain state regulations to impact employee benefit plans in this area.

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Securities

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