McCarran-Ferguson Act of 1945

Definition

Federal legislation that gives each state the ability to self-regulate insurance businesses within their state without having to follow regulations set forth by the federal government unless certain practices interfere with federal law. This piece of legislation came about after a Supreme Court case which involved several states that expressed concern over commerce and interstate laws that they felt prevented them from regulating insurance businesses within their states.

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You may want to read up on the mccarran-ferguson act of 1945 and see if there is anything you can learn from it.

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The Mccarran-ferguson act of 1945 was an interesting thing for me to learn about and for me to handle intellectually.

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I work for an insurance company which only operates in California and we are not required to follow federal insurance regulations under the McCarran-Ferguson Act of 1945.

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