The McCarran-Ferguson Act: Implications of Repealing the Insurers' Antitrust Exemption : Hearing Before the Committee on the Judiciary, United States Senate, One Hundred Ninth Congress, Second Session, June 20, 2006U.S. Government Printing Office, 2006 - Počet stran: 156 |
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action actuarial advisory organization American Bar Association American Insurance Association antitrust exemption apply Arlen Specter authority auto insurance benefits bid-rigging boycott business of insurance Chairman SPECTER collective collusion Congress contingent commissions cooperate coverage criminal charges criminal prosecutions Donnelly Act enacted federal antitrust laws federal law HOFFMANN Illinois Implications of Repealing insurance activities Insurance Commissioners insurance companies insurance industry insurance markets insurance rates insurance regulation Insurance Services Office insurer's investigation ISO's issue joint June 20 KLAWITER legislation marketplace Marsh McCarran McCarran-Ferguson Act McCarran-Ferguson exemption McRaith medical malpractice medical malpractice insurance NAIC policy forms premium pro-competitive property/casualty insurance Proposition 103 prospective cost information prospective loss costs protect question RACICOT rate bureaus reform regulation of insurance regulatory system Repealing the Insurers residual market result risk safe harbors Senator Leahy settlement Sherman Act specific statutes testimony unfair trade practices York Attorney
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Strana 66 - Nothing contained in the antitrust laws shall be construed to forbid the existence and operation of labor, agricultural, or horticultural organizations, instituted for the purposes of mutual help, and not having capital stock or conducted for profit, or to forbid or restrain individual members of such organizations from lawfully carrying out the legitimate objects thereof; nor shall such organizations, or the members thereof, be held or construed to be illegal combinations or conspiracies in restraint...
Strana 115 - The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business.
Strana 8 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Strana 80 - ... value independent of the parties to them. They are not commodities to be shipped or forwarded from one state to another and then put up for sale. They are like other personal contracts between parties which are completed by their signature and the transfer of the consideration. Such contracts are not interstate transactions though the parties may be domiciled in different states.
Strana 69 - Congress with reference to the regulation of the business of insurance. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest, and that silence on the part of the Congress shall not be construed to impose any barrier to the regulation or taxation of such business by the several States.
Strana 68 - No Act of Congress shall be construed to invalidate, impair, or supersede any law enacted by any State for the purpose of regulating the business of Insurance...
Strana 81 - Act, as amended, shall be applicable to the business of insurance to the extent that such business is not regulated by State law.
Strana 69 - Nothing contained in this Act shall render the said Sherman Act inapplicable to any agreement to boycott, coerce, or intimidate, or act of boycott, coercion, or intimidation.
Strana 139 - Committee, thank you for the opportunity to appear before you today. I would be pleased to answer any questions you may have.
Strana 65 - Eastern Railroad Presidents Conference v. Noerr Motor Freight, Inc., 365 US 127 (1961); United Mine Workers v. Pennington, 381 US 657 (1965).