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McCarran–Ferguson Act. The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent. The 79th Congress passed the McCarran–Ferguson Act in 1945 after the Supreme Court ruled in United States v.
The Illinois Department of Financial and Professional Regulation was created on July 1, 2004. It is responsible for the regulation, oversight, and licensure of almost 300 different types of professional licenses and financial institutions. The current director ("Secretary") of this department is Mario Treto, Jr.
Website. idoi.illinois.gov. The Illinois Department of Insurance is the code department of the Illinois state government that regulates various facets of the insurance industries and professions of Illinois. Key insurance industries it regulates include health insurance, auto insurance, homeowners insurance, and life insurance. [1]
The regulation is highly known in the automobile industry due to the effect caused by the Block Exemption Regulation (BER) from the European Commission. [1][2] BER has changed the automobile industry in the last decade. [3] Prior to 2003 automobile owners in the EU region risk nullifying their vehicle warranty when the vehicles were serviced or ...
S. Safeway Insurance Group. State Farm. Categories: Financial services companies based in Illinois. Insurance companies of the United States by state or territory.
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. [2] It is headquartered in Peoria, Illinois. [2] [3]RLI conducts its operations primarily through four insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company, [4] RLI Indemnity Company, and Contractors Bonding and Insurance Company.
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
A number of Federal Reserve officials saw a case to reduce interest rates immediately in July, according to minutes released on Wednesday from that month's policy meeting. While each participant ...