What does the Fraud and False Statements Act apply to?

The Fraud and False Statements Act specifically addresses the actions of insurance professionals involved in activities that impact interstate commerce. This legislation is designed to combat fraudulent activities related to insurance transactions, and it applies to individuals such as agents, brokers, and insurance company officials who may commit fraud. By focusing on those operating within the realm of interstate commerce, the Act ensures a national standard of enforcement against fraud in the insurance industry, making it a critical tool for maintaining integrity within the sector.

The other options describe broader categories or types that do not accurately capture the specific intent and application of the Act. While consumers and state-level insurance regulations may play a role in the insurance industry's operations, they are not the primary focus of the Fraud and False Statements Act, which centers on professionals whose actions directly affect commerce between states.