Asked by Latroy Mayfield on Jun 22, 2024
Verified
Which of the following acts exempted the insurance industry from antitrust legislation?
A) Equal Pay Act of 1963
B) Civil Rights Act of 1964
C) McCarran-Ferguson Act of 1944
D) Sherman Antitrust Act of 1890
E) Occupational Safety and Health Act of 1970
McCarran-Ferguson Act
A United States federal law that exempts insurance businesses from most federal regulation, allowing states to regulate the insurance industry.
Antitrust Legislation
Laws designed to promote fair competition and prevent monopolies, conspiracies, and other situations that restrain trade.
- Grasp the exemptions and special considerations within certain legislations, such as the insurance industry's status under antitrust laws.
Verified Answer
HW
henry wayneJun 27, 2024
Final Answer :
C
Explanation :
The McCarran-Ferguson Act of 1944 exempted the insurance industry from federal antitrust regulation, giving states the power to regulate insurance companies instead.
Learning Objectives
- Grasp the exemptions and special considerations within certain legislations, such as the insurance industry's status under antitrust laws.
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