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jan 1, 1869 - Paul v Virginia

Description:

Story:
Samuel Paul applied in home state of Virginia to sell NY insurance
At the time, VA required foreign insurers to post a bond (NY was the first to charge 10%, with other states countering with retaliatory premium taxes)
NY insurers didn't post this bond.
Paul's application was denied.
Paul sold policies anyways and was arrested.

He appealed (based on a federal law that empowered Congress to regulate commerce with foreign nations and among states)

Supreme Court denied ruling that issuing a policy of insurance is not a transaction of commerce. The implication being that states regulate insurance

Added to timeline:

3 months ago
0
0
32
Exam 6 - History of Insurance

Date:

jan 1, 1869
Now
~ 150 years ago
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