McCarran-Ferguson Act
From Conservapedia
The McCarran-Ferguson Act grants insurance companies a limited exemption from application of federal antitrust laws. The law was enacted in 1945.
The McCarran-Ferguson Act ("the Act") exempts from the antitrust laws all conduct that is (1) part of the "business of insurance"; (2) "regulated by State law"; and (3) not in the form of "boycott, coercion, or intimidation." 15 U.S.C. §§ 1012(b), 1013(b). Ocean State Physicians Health Plan, Inc. v. Blue Cross & Blue Shield, 883 F.2d 1101, 1107 (1st Cir. R.I. 1989).
