Insurance 101 – Chapter 16 Volume 73 – Other Legislative Initiatives

Other Legislative Initiatives

 Antitrust Laws

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).

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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