1.8.3 The McCarran-Ferguson Act (1945)
In 1945 Congress passed the McCarran-Ferguson Act, which gave back some regulatory authority to the states. The passage of the Act did not actually provide for regulation of insurance rates by individual states, but rather enacted rate regulatory legislation in all states.
STATES WIN AGAIN...!!!
The McCarran-Ferguson Act exempted the insurance industry from federal antitrust legislation and determined that insurance regulated by state law "is in the public's interest."
