Question
What year was the McCarran-Ferguson Act enacted?
A. 1947
B. 1944
C. 1945
D. 1946
A. 1947
B. 1944
C. 1945
D. 1946
Ask by Goodwin Schmidt. in the United States
Mar 26,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The McCarran-Ferguson Act was enacted in 1945.
Solution
The McCarran-Ferguson Act was enacted in the year 1945. Therefore, the correct answer is:
C. 1945
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The McCarran-Ferguson Act was enacted in 1945, making it a pivotal moment in regulating the insurance industry in the United States. This act essentially allowed states to continue regulating the insurance business without federal interference, ensuring that local policies could remain tailored to the specific needs of their regions.
The law came as a response to ongoing debates about federal control versus state rights, showcasing the historical tensions in legislative power distribution. It also spurred discussions around the balance between consumer protection and industry regulation, a theme that resonates in various sectors to this day.
