A bill to amend the McCarran-Ferguson Act to define the business of insurance.

[AI summary unavailable — showing source text] Amends the McCarran-Ferguson Act defining the "business of insurance" to exempt insurance companies from application of the antitrust laws only when such companies' activities directly affect the solvency and reliability of insurers, or directly relate to the underwriting of risks. Specifies that insurance advertising activities are to be subject to the antitrust laws.…