The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, also known as Public Law 15, is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent. The McCarran–Ferguson Act was passed by the 79th Congress in 1945 after the Supreme Court ruled in United Sta...
Found on
http://en.wikipedia.org/wiki/McCarran–Ferguson_Act
A 1945 Act of Congress exempting insurance businesses from federal commerce laws and delegating regulatory authority to the states. A federal act that placed the primary responsibility for regulating health insurance companies and HMOs that service private sector (commercial) plan members at the state level.
Found on
http://www.encyclo.co.uk/local/20102
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