McCarran-Ferguson Act

(redirected from McCarran Ferguson Act of 1945)

McCarran-Ferguson Act

Legislation in the United States, passed in 1945, that exempts insurance companies from anti-trust law, except in cases of boycott, intimidation or coercion. It also states that federal law does not preempt state regulation of insurance (that is, state regulations trump federal law) unless federal legislation explicitly states otherwise. The act remains controversial.
References in periodicals archive ?
I envision the possible repeal of the McCarran Ferguson Act of 1945 that left the regulation of the business of insurance to the states.