A bill to amend the McCarran-Ferguson Act to eliminate the fixing of sales commissions by insurance companies and to improve the operation of competition in the business of insurance.
Insurance Sales Deregulation Act of 1981 - Amends the McCarran-Ferguson Act to prohibit any State from: (1) prohibiting an insurer or an insurance agent or broker from offering a benefit, not specified in an insurance policy, as an inducement to purchase such policy; or (2) permitting any insurer to establish such a prohibition for agents or brokers.
Introduced in House
Introduced in House
Referred to House Committee on The Judiciary.
Referred to Subcommittee on Monopolies and Commercial Law.
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