ACLI in major shift on McCarran. (McCarran-Ferguson Act; American Council of Life Insurance adopts new antitrust position)

From: National Underwriter Life & Health-Financial ServicesEdition | Date: March 11, 1991| Author: Brostoff, Steven | Copyright information

ACLI In Major Shift On McCarran

WASHINGTON - In a major policy change, the American Council of Life Insurance has adopted an initiative that could eliminate most of the insurance industry's current exemption from the nation's antitrust laws.

The ACLI board adopted the position following an extensive reexamination of the McCarran-Ferguson Act by some life insurers. Under the ACLI initiative, the insurance industry would continue to be regulated by the states and...

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