Mccarran-ferguson Act (public Law 15)


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

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.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions