Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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

Insurance
Banking
Commerce
Securities

The correct answer is: 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.