Laws that prohibit companies from working as a group to set prices, restrict supplies or stop competition in the marketplace. The insurance industry is subject to state antitrust laws but has a limited exemption from federal antitrust laws. This exemption, set out in the McCarran-Ferguson Act, permits insurers to jointly develop common insurance forms and share loss data to help them price policies.
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About this Entry
This page contains a single entry by David published on July 10, 2005 11:23 PM.
ANNUITY PURCHASE RATE was the previous entry in this blog.
APPORTIONMENT is the next entry in this blog.
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