§ 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 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.

§ 1012. Regulation by State law; Federal law relating specifically to insurance; applicability of certain Federal laws after June 30, 1948

• (a) 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) No Act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating the business 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 extent that such business is not regulated by State Law.

§ 1013. Suspension until June 30, 1948 , of application of certain Federal laws; Sherman Act applicable to agreements to, or acts of, boycott, coercion, or intimidation

• (a) Until 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 [ 15 U.S.C. 41 et seq.], and the Act of June 19, 1936 , known as the Robinson-Patman Anti-Discrimination Act, shall not apply to the business of insurance or to acts in the conduct thereof.
• (b) Nothing contained in this chapter shall render the said Sherman Act inapplicable to any agreement to boycott, coerce, or intimidate, or act of boycott, coercion, or intimidation.

§ 1014. Effect on other laws

Nothing contained in this chapter shall be construed to affect in any manner the application to the business of insurance of the Act of July 5, 1935 , as amended, known as the National Labor Relations Act [ 29 U.S.C. 151 et seq.], or the Act of June 25, 1938 , as amended, known as the Fair Labor Standards Act of 1938 [ 29 U.S.C. 201 et seq.], or the Act of June 5, 1920 , known as the Merchant Marine Act, 1920.

§ 1015. “State” defined

As used in this chapter, the term “State” includes the several States, Alaska, Hawaii, Puerto Rico, Guam, and the District of Columbia.