Congress enacted the McCarran–Ferguson Act in 1945
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Congress enacted the McCarran–Ferguson Act in 1945 to affirm that regulation and taxation of the business of insurance are primarily the responsibility of the individual states rather than the federal government.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| McCarran–Ferguson Act | 0 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
insurance regulation law ⓘ |
| affects |
health insurance regulation
ⓘ
life insurance regulation ⓘ property and casualty insurance regulation ⓘ |
| affectsRelationshipBetween | federal government and state governments in insurance regulation ⓘ |
| allocatesRegulatoryAuthorityTo | U.S. states ⓘ |
| alsoKnownAs | McCarran Act NERFINISHED ⓘ |
| antitrustExemptionScope | insurance activities regulated by state law ⓘ |
| antitrustLawsAffected |
Clayton Act
NERFINISHED
ⓘ
Federal Trade Commission Act NERFINISHED ⓘ Sherman Antitrust Act NERFINISHED ⓘ |
| appliesTo | business of insurance ⓘ |
| branchOfLaw |
United States antitrust law
ⓘ
United States insurance law NERFINISHED ⓘ |
| codifiedIn | Title 15 of the United States Code NERFINISHED ⓘ |
| codifiedSections | 15 U.S.C. §§ 1011–1015 ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creates | limited antitrust exemption for the business of insurance ⓘ |
| dateEnacted | March 9, 1945 ⓘ |
| declares | continued regulation and taxation by the several States of the business of insurance is in the public interest ⓘ |
| doesNotApplyTo |
boycotts, coercion, and intimidation in insurance
ⓘ
labor disputes ⓘ |
| enactedBy | United States Congress ⓘ |
| grantsAuthorityTo | state insurance commissioners ⓘ |
| historicalContext | response to United States v. South-Eastern Underwriters Association (1944) ⓘ |
| influencedByCourtCase | United States v. South-Eastern Underwriters Association NERFINISHED ⓘ |
| jurisdiction | federal law governing state regulation of insurance ⓘ |
| legalEffect | establishes presumption in favor of state insurance law over general federal statutes ⓘ |
| legislativeBody | 79th United States Congress NERFINISHED ⓘ |
| limitsRegulatoryAuthorityOf | federal government of the United States NERFINISHED ⓘ |
| policyPrinciple | state primacy in insurance regulation ⓘ |
| primaryPurpose |
to affirm that regulation of the business of insurance is primarily a state responsibility
ⓘ
to affirm that taxation of the business of insurance is primarily a state responsibility ⓘ |
| provides | federal law shall not be construed to invalidate, impair, or supersede state laws regulating the business of insurance unless the federal law specifically relates to the business of insurance ⓘ |
| publicLawNumber | Public Law 79-15 NERFINISHED ⓘ |
| regulatoryModel | state-based insurance regulation system ⓘ |
| relatedTo | state insurance codes ⓘ |
| shortTitle | McCarran–Ferguson Act NERFINISHED ⓘ |
| sponsors |
Senator Homer Ferguson
NERFINISHED
ⓘ
Senator Pat McCarran NERFINISHED ⓘ |
| status | in force ⓘ |
| statutesAtLargeCitation | 59 Stat. 33 ⓘ |
| subjectMatter |
insurance regulation
ⓘ
taxation of insurance ⓘ |
| yearEnacted | 1945 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
United States v. South-Eastern Underwriters Association
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subsequentDevelopment
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Congress enacted the McCarran–Ferguson Act in 1945
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