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Mccarran-Ferguson Act (Public Law 15)

 
Insurance Dictionary: Mccarran-Ferguson Act (Public Law 15)

1945 federal legislation in which the Congress declared that the states may continue to regulate the insurance industry. Nevertheless, in recent years Congress has expanded the federal government's insurance activities into flood insurance, Federal Crop Insurance and riot and civil commotion insurance. See also South-Eastern Underwriters Association (SEUA) Case.

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more