McCarran-Ferguson Act expressed the intent of the federal government to forever abandon to the states the right to regulate insurance.

Question

Quizplus · Accepted Answer

The McCarran-Ferguson Act does not abandon the right to regulate insurance to the states forever; instead, it gives states the primary authority to regulate the insurance industry but allows the federal government to intervene in certain cases, especially where federal law is deemed to specifically relate to insurance.

McCarran-Ferguson Act Expressed the Intent of the Federal Government to Forever