What is the Definition of Mccarran-Ferguson Act?

What is the Definition of Mccarran-Ferguson Act?

Federal law signed in 1945 in which Congress declared that states would continue to regulate the insurance business. Grants insurers a limited exemption from federal antitrust  legislation.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Mccarran-Ferguson Act?

What is the Definition of Mccarran-Ferguson Act?

You can find random definition and meaning of insurance terms below:


Meaning of Case  Management in Insurance Terms

A system of coordinating medical services to treat a patient, improve care and reduce cost. A case manager coordinates health care delivery for patients.


Meaning of Cash Dividend Option in Insurance Terms

For participating insurance policies, a dividend option under which the insurer sends the policy owner a check in the amount of the policy dividend. (See Dividend; Policy dividend options)


Meaning of Catastrophe Bonds in Insurance Terms

Risk-based securities that pay high interest rates  and provide insurance companies with a form of reinsurance to pay losses from a catastrophe such as those caused by a major hurricane. They allow insurance risk to be sold to institutional investors in the form of bonds, thus spreading the risk. (See Securitization of insurance risk)


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