15 U.S.C. § 1011 — Declaration of policy

Page 1261 TITLE 15—COMMERCE AND TRADE § 1012 § 1006. Authorization for free travel on San Fran- cisco-Oakland Bay Bridge; issuance, presen- tation, and acceptance; other authorization devices (a) The use of the San Francisco-Oakland Bay Bridge free of toll, provided for in section 1005 of this title, shall be granted upon the presen- tation and surrender at the toll lanes of an au- thorization certifying that the traffic or person in question is entitled to such right. Such au- thorization shall be issued and signed by any of- ficer or official designated for such purpose in accordance with regulations which shall be pre- scribed by the Secretary of the Department hav- ing control of the personnel exempted by section 1005 of this title. The names and signatures of officers so designated shall be furnished to the California Toll Bridge Authority and thereafter authorizations signed by them shall be accepted by such authority as prima facie evidence of the facts stated therein. (b) Notwithstanding the provisions of sub- section (a), such right to use the San Francisco- Oakland Bay Bridge free of toll may be estab- lished by any other device or means which may be acceptable to the California Toll Bridge Au- thority; and the Secretary of the appropriate Department and the California Toll Bridge Au- thority may enter into any appropriate agree- ments to secure the effective, convenient, and just exercise of such right. (July 1, 1946, ch. 528, § 2, 60 Stat. 348.) § 1007. Penalties Whoever secures or attempts to secure the ex- emption from toll provided for in sections 1005 to 1007 of this title or an authorization referred to in section 1006 of this title, knowing that he is not entitled thereto, and whoever signs or issues any such authorization certifying to such right of exemption, knowing that such right does not exist, shall be guilty of a misdemeanor, and, upon conviction thereof, shall be punished by a fine of not more than $100 or by imprison- ment for not more than ten days, or by both such fine and imprisonment. (July 1, 1946, ch. 528, § 3, 60 Stat. 348.) CHAPTER 20—REGULATION OF INSURANCE Sec. 1011. Declaration of policy. 1012. Regulation by State law; Federal law relating specifically to insurance; applicability of certain Federal laws after June 30, 1948. 1013. Suspension until June 30, 1948, of application of certain Federal laws; Sherman Act appli- cable to agreements to, or acts of, boycott, coercion, or intimidation. 1014. Effect on other laws. 1015. ‘‘State’’ defined. § 1011. Declaration of policy Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public inter- est, 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. (Mar. 9, 1945, ch. 20, § 1, 59 Stat. 33.) Statutory Notes and Related Subsidiaries SHORT TITLE OF 2021 AMENDMENT Pub. L. 116–327, § 1, Jan. 13, 2021, 134 Stat. 5097, pro- vided that: ‘‘This Act [amending section 1013 of this title and enacting provisions set out as a note under section 1013 of this title] may be cited as the ‘Competi- tive Health Insurance Reform Act of 2020’.’’ SHORT TITLE Act Mar. 9, 1945, ch. 20, 59 Stat. 33, which is classified to this chapter, is popularly known as the ‘‘McCarran- Ferguson Act’’. SEPARABILITY Act Mar. 9, 1945, ch. 20, § 6, 59 Stat. 34, provided: ‘‘If any provision of this Act [this chapter], or the applica- tion of such provision to any person or circumstances, shall be held invalid, the remainder of the Act, and the application of such provision to persons or cir- cumstances other than those as to which it is held in- valid, shall not be affected.’’ § 1012. Regulation by State law; Federal law re- lating specifically to insurance; applicability of certain Federal laws after June 30, 1948 (a) State regulation The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business. (b) Federal regulation No Act of Congress shall be construed to inval- idate, impair, or supersede any law enacted by any State for the purpose of regulating the busi- ness of insurance, or which imposes a fee or tax upon such business, unless such Act specifically relates to the business of insurance: Provided, That after June 30, 1948, the Act of July 2, 1890, as amended, known as the Sherman Act, and the Act of October 15, 1914, as amended, known as the Clayton Act, and the Act of September 26, 1914, known as the Federal Trade Commission Act, as amended [15 U.S.C. 41 et seq.], shall be applicable to the business of insurance to the ex- tent that such business is not regulated by State Law. (Mar. 9, 1945, ch. 20, § 2, 59 Stat. 34; July 25, 1947, ch. 326, 61 Stat. 448.) Editorial Notes REFERENCES IN TEXT Act of July 2, 1890, as amended, known as the Sher- man Act, referred to in subsec. (b), is classified to sec- tions 1 to 7 of this title. Act of October 15, 1914, as amended, known as the Clayton Act, referred to in subsec. (b), is act Oct. 15, 1914, ch. 323, 38 Stat. 730, which is classified generally to sections 12, 13, 14 to 19, 21, and 22 to 27 of this title and to sections 52 and 53 of Title 29, Labor. For further details and complete classification of this Act to the Code, see References in Text note set out under section 12 of this title and Tables. Act of September 26, 1914, known as the Federal Trade Commission Act, as amended, referred to in sub- sec. (b), is classified generally to subchapter I (§ 41 et seq.) of chapter 2 of this title. For complete classifica- tion of this Act to the Code, see section 58 of this title and Tables. AMENDMENTS 1947—Act July 25, 1947, substituted ‘‘June 30, 1948’’ for ‘‘January 1, 1948’’.