Mccarranferguson Act Public Law


Definition of "Mccarran-ferguson act (public law 15)"

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1945 federal legislation in which the Congress declared that the states may continue to regulate the insurance industry. Nevertheless, in recent years Congress has expanded the federal government's insurance activities into flood insurance, federal crop insurance, and riot and civil commotion insurance.

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State Supervision And Regulation

Primary responsibility for overseeing the insurance industry that has rested with individual states since 1945, after Congress passed the MCCARRAN-FER ...

Sherman Antitrust Act

1890 law prohibiting monopolies and restraint of trade in interstate commerce. The Sherman Act was strengthened in 1914 with amendments known as the C ...

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