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Principles of Insurance Law and Regulation

United States v. South-Eastern Underwriters Ass'n

1. What are the two arguments present in this case?

2. Who has the better of the constitutional argument? The statutory interpretation argument?

3. There are two consequences of declaring that insurance can be interstate commerce. The first is that Congress can regulate it; the second is that the states are subject to the dormant commerce clause. What follows from subjecting a state to the dormant commerce clause?

3. What do you make of the regulatory reliance argument set forth by the dissent? Why might it be particularly difficult for Congress to fill the regulatory vacuum created by this decision?