Insurers Urge Regulators to Keep McCarran-Ferguson
National News • June 6, 2007
Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws.
At the National ...
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Subject: RE: RE: RE: RE: RE: Repeal of McCarren Ferguson Act
Posted On: October 15, 2007, 11:29 am CDT
Posted By: Joseph Sullivan
Comment:
As respects state regulation of insurance: how does it accommodate insurance claimants in one state complaining against coverage of an insurance company based and regulated in another state? What if the insurance company in the other state turns out to be unknown to the NAIC and also unknown to the Insurance Commissioner in the state from which it is operating? How does a covered person in another state seek redress for coverage that actually is illegal? Please advise. Thanks.
Subject: RE: RE: RE: RE: RE: Repeal of McCarren Ferguson Act