Retaliatory law

{
  "id": "MLC-T-INS-002927",
  "term": "Retaliatory law",
  "field": "Insurance and risk management",
  "definition": "A state statute that imposes the same or similar burdens, such as taxes, fees, or other requirements, on out-of-state insurers as those states impose on insurers domiciled in the retaliating state. These laws aim to promote fair treatment for domestic insurers operating in other jurisdictions. They are a mechanism for states to protect their own insurance industry from discriminatory practices by other states.",
  "url": "https://mlchart.com/terminology/insurance/retaliatory-law/"
}