What law made it illegal for insurance companies to do business over state lines? Or, at the least, roughly in what year was it made illegal for insurance companies to do so?|||This is done by state laws not by a Federal law. However a federal law (if enacted) will override the the state laws.
Article Four: States' powers and limits
http://en.wikipedia.org/wiki/United_Stat鈥?/a>
JD|||States have differing laws about requirements for individual insurance policies. Car insurance, health insurance, homeowners' insurance, etc
There's no "one size fits all' insurance coverage outside of the Federal Government.|||I don't think it's like that. Each state has different laws regarding insurance, so it makes it difficult for companies to adhere to different standards for different states.|||Who said insurance companies can't operate in multiple states?
How do you explain national companies that sell in all states?
Insurance agents are licensed by the states. You must be licensed in the state where you sell insurance, and your office must be registered in the state.
But one agent can be licensed to sell in other states, and many are.
Whatever state you live in, they will find a way to do business with you.|||The McCarran-Ferguson Act of 1945 . gives states the authority to regulate the "business of insurance" without interference from federal regulation, unless federal law specifically provides otherwise.
States prevent policies approved in one state, from being offered in another state and the risk from policies from being spread over several states.
IE:insurance companies must comply with 50 different sets of regulations across the US.|||Thank you for answer, try this:
insurance.2arz.com
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