Other Legislative Initiatives
Trusts are now prohibited by federal statute and by statutes in other various states.
Under the federal McCarran-Ferguson Act (15 U.S.C. §§ 1011-1015), the business of insurance is generally exempt from antitrust laws to the extent the industry is regulated by the individual states. (15 U.S.C. § 1012). Conduct and agreements in the nature of boycotts, coercion, or intimidation are subject to antitrust laws. Klor’s v. Broadway-Hale Stores, 359 US 207, 212 (1959).
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