Paul v. Virginia

Paul v. Virginia (1868) was a landmark U.S. Supreme Court case that addressed whether insurance companies were subject to federal regulation. The Court ruled that insurance was not interstate commerce but a local activity, allowing states to regulate insurance companies operating within their borders. This decision defined the insurance industry’s regulatory framework and affirmed that states had the authority to oversee their operations without federal interference. It established a precedent that affected how insurance laws were developed until the later 20th century when federal involvement increased.