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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (38490)11/12/2009 6:12:16 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
Re: "...conflating the issues about whether the feds get more power over the states (or things the states now mostly control), with the issue of the interstate commerce clause."

No I'm not.

The 50 States ALREADY have the assignment of full regulatory power over insurance sold in these United States. (And the federal government does not....)

Technically (legally) there *is no* 'inter-state insurance' since EACH and EVERY insurance product must --- before it can be sold --- be approved and licensed by the State Regulators (in the State where the insurance company proposes to sell that insurance.) They must establish local subsidiaries that are then subject to the State's oversight, and can only sell products that have been approved by the State's Insurance Regulatory Body.