Life & Health · Chapter 1 · Regulation
McCarran-Ferguson Act (1945)
Definition
The federal act that made state regulation of insurance primary: federal antitrust laws apply to insurance only to the extent states do not regulate it. Passed in response to the SEUA decision (1944), which had ruled insurance to be interstate commerce.
In plain English
Congress said: the states run insurance regulation — the feds only step in where the states leave a gap.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
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