Which regulation focuses on enhancing the transparency of insurance pricing?

The McCarran-Ferguson Act is significant because it grants states the authority to regulate the insurance industry, allowing for measures that promote competitive pricing and transparency among insurers. One of the primary purposes of this act is to ensure that states can implement their own regulations that can enhance the clarity and fairness of insurance pricing mechanisms. By allowing states to manage insurance matters, the act contributes to an environment where consumers can more easily understand the pricing structures of various insurance products.

In contrast, the Gramm-Leach-Bliley Act primarily addresses the financial services industry as a whole, focusing on the privacy of consumer information rather than directly on insurance pricing transparency. The Homeowners Insurance Act typically pertains to issues specific to homeowners' coverage and does not have a broad focus on pricing transparency in the insurance market. The Insurance Information and Privacy Protection Act is designed to safeguard personal information and establish guidelines for privacy, but it does not specifically address the transparency of pricing in insurance policies. Thus, the McCarran-Ferguson Act stands out as the regulation most closely associated with the enhancement of transparency in insurance pricing practices.