Contributors
Created byHong Truong
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Events
First Property Insurer (charter from British Crown)Paul v VirginiaNational Insurance Convention (NIC)Sherman Antitrust Act
(inspired prevention of compacts from fixing rates)wrt Sherman Antitrust Act
NCIC (renamed from NIC) repealed anticompact lawsClayton Antitrust Act
FTC ActRobinson-Patman Act
(amendment to Clayton Antitrust Act)SEUA DecisionMcCarran-Ferguson Act (MFA)NAIC approved 2 (rate) model laws
and (fairness in competition) model lawsNAIC implements Early Warning Test (now called IRIS)Gramm-Leach-Biley Act (GLB)Group L&H Insurance Co. vs Royal DrugUnion Labor Life Ins Co. vs. Pireno
(three criteria from Royal Drug not enough)NFIP (Flood - 1968)Dodd-Frank ActPeriods
Pre-1944: Before SEUA DecisionDevelopments related to SEUA Decision and passage of McCarran-Ferguson ActPost-1947 Developments after McCarran-Ferguson ActEarly 1900s - DOIs didn't allow multiline insurersToward mid-1900s, subsidiaries to effectively have one insurer provide multiple LOB1945-1948 Under MFA, states had this time to pass legislation to regulate insuranceRisk Retention Act (1981)
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