Congress enacted the McCarran–Ferguson Act in 1945

E503524

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.

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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 ⓘ
antitrustExemptionScope insurance activities regulated by state law ⓘ
antitrustLawsAffected Clayton Act ⓘ
Federal Trade Commission Act ⓘ
Sherman Antitrust Act ⓘ
appliesTo business of insurance ⓘ
branchOfLaw United States antitrust law ⓘ
United States insurance law ⓘ
codifiedIn Title 15 of the United States Code ⓘ
codifiedSections 15 U.S.C. §§ 1011–1015 ⓘ
country 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 ⓘ
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 ⓘ
limitsRegulatoryAuthorityOf federal government of the United States ⓘ
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 ⓘ
regulatoryModel state-based insurance regulation system ⓘ
relatedTo state insurance codes ⓘ
shortTitle McCarran–Ferguson Act ⓘ
sponsors Senator Homer Ferguson ⓘ
Senator Pat McCarran ⓘ
linked to: Pat McCarran
status in force ⓘ
statutesAtLargeCitation 59 Stat. 33 ⓘ
subjectMatter insurance regulation ⓘ
taxation of insurance ⓘ
yearEnacted 1945 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States v. South-Eastern Underwriters Association → subsequentDevelopment → Congress enacted the McCarran–Ferguson Act in 1945 ⓘ