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McCarran-Ferguson Act (Public Law 15) of 1945

Term · Insurance and risk management · MLC-T-INS-002150

A United States federal law that exempts the business of insurance from most federal regulation, leaving its oversight primarily to the individual states. This act affirms that state law governs insurance unless specifically superseded by federal law. It also permits certain cooperative activities among insurers that might otherwise violate federal antitrust laws.

Table 1. Record
IdentifierMLC-T-INS-002150
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002150",
  "term": "McCarran-Ferguson Act (Public Law 15) of 1945",
  "field": "Insurance and risk management",
  "definition": "A United States federal law that exempts the business of insurance from most federal regulation, leaving its oversight primarily to the individual states. This act affirms that state law governs insurance unless specifically superseded by federal law. It also permits certain cooperative activities among insurers that might otherwise violate federal antitrust laws.",
  "url": "https://mlchart.com/terminology/insurance/mccarran-ferguson-act-public-law-15-of-1945/"
}

Record 2,129 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.