Is U.S. Insurance Regulation Unconstitutional?

On March 13, the University of Connecticut, School of Law, Insurance Law Center, sponsored a debate between two of the nation’s leading insurance scholars on the provocative claim that the current NAIC-centric regulatory regime violates the requirements of many state constitutions. Professor Martin Grace of Temple University supported the current regulatory regime while Professor Daniel Schwarcz of the University of Minnesota argued that it was unconstitutional. Professor Brendan Maher of UConn served as moderator.

The captioned video stream of this debate can be viewed without charge here: Is U.S. Insurance Regulation Unconstitutional? Professor Schwarcz’s article has been published in the most recent volume of the Connecticut Insurance Law Journal (Volume 25, Issue 1) and is also available at