§ 1011. — Declaration of policy.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1011]
TITLE 15--COMMERCE AND TRADE
CHAPTER 20--REGULATION OF INSURANCE
Sec. 1011. Declaration of policy
Congress hereby declares that the continued regulation and taxation
by the several States of the business of insurance is in the public
interest, and that silence on the part of the Congress shall not be
construed to impose any barrier to the regulation or taxation of such
business by the several States.
(Mar. 9, 1945, ch. 20, Sec. 1, 59 Stat. 33.)
Short Title
Act Mar. 9, 1945, ch. 20, 59 Stat. 33, which is classified to this
chapter, is popularly known as the ``McCarran-Ferguson Act''.
Separability
Section 6 of act Mar. 9, 1945, provided: ``If any provision of this
Act [this chapter], or the application of such provision to any person
or circumstances, shall be held invalid, the remainder of the Act, and
the application of such provision to persons or circumstances other than
those as to which it is held invalid, shall not be affected.''
