McCarran-Ferguson Act

(redirected from McCarron-Ferguson Act)

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 ?
An impressive array of successful legislation was enacted, including the 1934 Securities and Exchange Act, the 1945 McCarron-Ferguson Act, the 1958 Auto Information Disclosure Act, and the 1966 Fair Packaging and Labeling Act among others.