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15 U.S.C. § 1011 — Declaration of policy
submitted 81 years ago by ch. 20 to r/title-15-COMMERCE-AND-TRADE · 52 words · no verdicts yet
in plain englishAI-generated · not legal advice
Congress declares that State regulation and taxation of insurance remain in the public interest. Congress’s silence does not block State regulation or taxation.
Congress declares that the continued regulation and taxation of insurance by the States is in the public interest. Congress’s failure to act must not be understood as blocking the States from regulating or taxing insurance.
the actual law source: uscode.house.gov ↗public domain
Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest, and that silence on the part of the Congress shall not be construed to impose any barrier to the regulation or taxation of such business by the several States.
Source credit: (Mar. 9, 1945, ch. 20, § 1, 59 Stat. 33.)
history & why it existsrecord from the source credit
- 1945Enacted · Act of Mar. 9, 1945, ch. 20 · 59 Stat. 33
A history note hasn’t been published yet. The record shows enactment by ch. 20 on 1945-03-09.
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