HR 448
108th Congress
House
Commerce
Antitrust law
Federal preemption
Finance and Financial Sector
Government Operations and Politics
Insurance
Insurance companies
Monopolies
Price fixing
Restrictive trade practices
State laws
Territorial arrangements (Antitrust law)
Insurance Competitive Pricing Act of 2003
Introduced: January 29, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2003
Referred to the House Committee on the Judiciary.
Jan 29, 2003
Introduced in House
Plain-English summary
Insurance Competitive Pricing Act of 2003 - Amends the McCarran-Ferguson Act to eliminate the antitrust exemption applicable to the business of insurance where the conduct involves: (1) price fixing; (2) allocating with a competitor a geographical area in which, or persons to whom, insurance will be offered for sale; (3) unlawfully tying the sale or purchase of one type of insurance to the sale or purchase of another type of insurance or any other service or product; or (4) monopolizing, or attempting to monopolize, any part of such business.
Retains such exemption for conduct involving the making of a contract, or engaging in a combination or conspiracy, to: (1) collect or disseminate historical loss data; (2) determine a loss development factor applicable to such data; (3) perform actuarial services if such contract, combination, or conspiracy does not involve restraint of trade; or (4) determine a trend factor (an adjustment to reflect a change in inflation or any other change in the estimated loss costs incurred by certain persons engaged in the business of insurance) during a specified transition period.
What's happening now
Referred to the House Committee on the Judiciary.
Committees of jurisdiction
1