Explain how U.S. insurance regulation and governance reached their current form, including the landmark federal laws and Supreme Court decisions, antitrust treatment, rate regulation, rating agencies, and what qualifies as the business of insurance.
Free CAS Exam 6-U.S. (Regulation and Financial Reporting) lesson in United States Laws and Regulations. 9 min read, ~1,333 words.
Paul v. Virginia (1869) held insurance was not interstate commerce, so states regulate it. United States v. South-Eastern Underwriters (1944) reversed that: insurance IS interstate commerce and reachable by federal antitrust law. McCarran-Ferguson Act (1945) returned regulation and taxation to the states and exempts the business of insurance from federal...
Read the full lesson, free →
Worked examples and practice. Free with a free account, no card.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- A1
Browse all free Exam 6U lessons or jump into free Exam 6U practice questions.