Insurance: Joint Hearing Before the Subcommittees of the Committees on the Judiciary, Congress of the United States, Seventy-eighth Congress, First Session, on S. 1362, H. R. 3269, and H. R. 3270, Bills to Affirm the Intent of Congress that the Regulation of the Business of Insurance Remain Within the Control of the Several States and that the Acts of July 2, 1890, and October 15, 1914, as Amended, be Not Applicable to that BusinessU.S. Government Printing Office, 1943 - 257 pages |
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agents ance antitrust laws apply Attorney average rate aviation BALDRIDGE BERGE BIDDLE broker business of insurance CHAIRMAN charged clause Clayton Act COMER commerce clause commission competition Congress corporation decisions Department of Justice earned premium ELMORE fact Federal Government Federal Trade Commission filed fire insurance companies forms FREDERICK VAN NUYS going Governor HALLECK HANCOCK HYDER insurance business insurance commissioner insurance department insurance rates interstate commerce Interstate Underwriters Board Judiciary Committee jurisdiction legislation locations losses master policy matter McCONNELL McKITTRICK Missouri National North Carolina North Dakota October operate paid panies percent PLOESER policyholders practices question rating bureaus record regulation of insurance reinsurance represent risks rules Senate bill 1362 Senator BAILEY Senator FERGUSON Senator KILGORE Senator O'MAHONEY Sherman Act statement statute SUMNERS supervision Supreme Court tion trade underlying policies United United States Senate violation Virginia Washington Western Underwriters Association WILLIAMS York
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Page 6 - These contracts are not articles of commerce in any proper meaning of the word. They are not subjects of trade and barter offered in the market as something having an existence and 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.
Page 222 - ... organization, business, conduct, practices, management, and relation to other corporations, partnerships, and individuals of the respective corporations filing such reports or answers in writing. Such reports and answers shall be made under oath, or otherwise, as the commission may prescribe, and shall be filed with the commission within such reasonable period as the commission may prescribe, unless additional time be granted in any case by the commission.
Page 222 - To gather and compile information concerning, and to investigate from time to time the organization, business, conduct, practices and management of any corporation engaged in commerce, excepting banks and common carriers subject to the Act to regulate commerce and its relation to other corporations and to individuals, associations and partnerships.
Page 141 - The repeal of any statute shall not have the effect to release or extinguish any penalty, forfeiture, or liability...
Page 7 - The business of insurance is not commerce. The contract of insurance is not an instrumentality of commerce. The making of such a contract is a mere incident of commercial intercourse, and in this respect there is no difference whatever between insurance against fire and insurance against
Page 103 - The business of insurance vitally affects the great mass of the people of the United States and is national and not local in its application. It involves a multitude of transactions among the people of the different States and between American companies and foreign governments. I urge that the Congress carefully consider whether the power of the Bureau of Corporations...
Page 53 - We find nothing in the language of the Sherman Act or in its history which suggests that its purpose was to restrain a state or its officers or agents from activities directed by its legislature.
Page 223 - That unfair methods of competition in commerce are hereby declared unlawful. The commission is hereby empowered and directed to prevent persons, partnerships, or corporations, except banks, and common carriers subject to the acts to regulate commerce, from using unfair methods of competition in commerce.
Page 30 - Judicial authority in the land, that issuing a policy of insurance is not a transaction of commerce.
Page 222 - Unfair methods of competition in commerce, and unfair or deceptive acts or practices in commerce, are hereby declared unlawful. The Commission is hereby empowered and directed to prevent persons, partnerships, or corporations, except banks...