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McCarran-Ferguson Act

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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.


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gov) Oversees National Flood Insurance Program In the Beltway While the McCarran-Ferguson Act of 1945 continues to allow for the state regulation of insurance, recent proposals could lead to an Office of National Insurance.
Reid added his name to the list of senators co-sponsoring legislation to overturn the McCarran-Ferguson act.
Following the decision, Congress in 1945 enacted the McCarran-Ferguson Act, which reinstated state regulation of insurance.
 
 
 
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