...and we therefore find and conclude that the latter statute does not "invalidate, impair or supersede any law enacted by any State for the purpose of regulating the business of insurance" within the provisions of the McCarren-Ferguson Act. The decision in American Mutual Reinsurance Co....

...the McCarran-Ferguson Act : No Act of Congress shall be construed to invalidate, Impair, or supersede any law enacted by any State for the purpose of regulating...specifically relates to the business of insurance. The insurance industry is accustomed to regulation at the State level. Therefore, we naturally are...

...important provision is that, "No act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any state for the purpose of regulating the business of insurance..."" Since 1945, the McCarran- Ferguson Act has had only minor revisions, and no efforts of repeal have...

...and further provides that "No Act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating the business of insurance . . . unless such Act specifically relates to the business of insurance.* The policy represented by...

...taxation of such business, "(b) No Act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating...specifically relates to the business of insurance . . . ." The Court stated that Congress intended to declare, and in effect declared, that uniformity...

...taxation of such business. "(b) No Act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating...imposes a fee or tax upon such business, unless such Acl specifically relates to the business of insurance . . . ." ' The Court stated that Congress intended...

...... of such business. (bl No Act of Congress shall be construed to invalidate, impair, or supercede any law enacted by any State for the purpose of regulating...specifically relates to the business of insurance. . . . Thus, federal statutes apply to "the business of insurance" only to the extent that a state fails...

...provides in part that: ... [N]o Act of Congress shall be construed to inval idate, impair or supersede any law enacted by any State for the purpose of regulating the business of insurance, . . . unless such Act specifically relates to the business of insurance.2 Alt hough Congress has reserved...

...taxation of such business. (b) No act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating...specifically relates to the business of insurance .... 15 JJ.SC, | 1012. * That Congress perceives that it cannot directly regulate insurers in this...

...taxation of such business. (b) No act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating...specifically relates to the business of insurance .... 15 USC f 1012. That Congress perceives that it cannot directly regulate insurers in this circumstance...