Labels:book | reckoner | sky | tree | windowpane OCR: 29 Although ERISA'S preemption provision, ERISA saves' 514a from U.S.C. l144{a} (1988) ik broad, the statute preemption under section 5l4{b} any state law which regulates insurance banl king t0 securities. Following the enactment ERISA, this Court addressed the question of ERISA's effect. any on the McCarran- -Ferguson Act, especially light of the statute's preemption provision. the leading case Metropolitan Life Ins. Massact husetis 471 724 (1985 the Court settled that question The Court held that ERISA's preemption saving clause reaffirmed the McCarran Ferguson Act' reservation the business of insurance the States 742-47 As the Court explained: The ERISA saving clause, with its similarly protection of "any law of any State which regulates insu rance, appears have been designed tr preserv ...
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