Home > Glossary

Retaliatory Law

Retaliatory Law

Definition

A state law providing that another state will be treated in the same terms that the home state is treated by the foreign state in dealings with insurance. If, for example, another state requires that all nonresident agents writing insurance or risks in that state obtain a license from that state, a state with a retaliatory law will impose the same requirement on that other state's agents.

Navigation

Social Media

User ID: Subscriber Status:Free