What was name of the FEDERAL Law that delegated the right to govern

P

pender

New member
Insurance to the individual States? I am told the Law was passed around 1946 and explains why every state has an Insurance department which governs, among other things, the prices charged & the Coverage provided.
 
No law needed.

The 10th Amendment to the Constitution says:
"The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people."

Since the Constitution does not give the Federal Government the power to regulate insurance, they have no such power, and thus no way to delegate it to the States.

Richard
 
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