[Candor7]

The insurance industry is regulated at the state level, not nationally. >>>>>>>>>>>>>>>>>

Yes. I happen to actually know that.

And that is about to change, my dear.

The federal government can regulate the insurance industry by virtue of the Commerce Clause of the US Constitution, (Article I, Section 8, Clause 3).

[Alberta's Child]

Interestingly, the U.S. Supreme Court ruled in United States v. South-Eastern Underwriters Association (1944) that insurance does not constitute "commerce" under Federal law. The court ruled that since an insurance policy is a contract for the sharing of risk and not a product or service, there is no "commerce" involved. So insurance policies are governed under state contract laws, not Federal regulations of interstate commerce.

This is why insurance companies are exempt (in many instances) from many Federal laws that cover almost any other industry, including Federal anti-trust laws.