U.S. Supreme Court case in 1868 in which the decision (since overruled) was that an insurance policy was not an instrument of commerce, and thus did not involve interstate commerce transactions that would make it subject to federal regulation. See also McCarran-Ferguson Act (Public Law 15); 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 |
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