MLchartDataset catalogue

Public Law 15

Term · Insurance and risk management · MLC-T-INS-002753

A federal statute enacted in 1945, also known as the McCarran-Ferguson Act, that exempts the business of insurance from most federal regulation, leaving oversight primarily to individual states. This law specifies that federal antitrust laws apply to insurance only to the extent that the business is not regulated by state law. It has been a cornerstone of state-based insurance regulation in the United States for decades.

Table 1. Record
IdentifierMLC-T-INS-002753
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002753",
  "term": "Public Law 15",
  "field": "Insurance and risk management",
  "definition": "A federal statute enacted in 1945, also known as the McCarran-Ferguson Act, that exempts the business of insurance from most federal regulation, leaving oversight primarily to individual states. This law specifies that federal antitrust laws apply to insurance only to the extent that the business is not regulated by state law. It has been a cornerstone of state-based insurance regulation in the United States for decades.",
  "url": "https://mlchart.com/terminology/insurance/public-law-15/"
}

Record 2,761 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.