Regulation of Insurance Rates in the District of Columbia: Hearings Before the Subcommittee on Public Utilities, Insurance, and Banking of the Committee on the District of Columbia, House of Representatives, Eightieth Congress, First Session, on H.R. 951, H.R. 1458, H.R. 1717, H.R. 2954, H.R. 3287. May 7, 1947 |
Common terms and phrases
action advisory organization agreement All-Industry Committee amendment antitrust laws application approval authority boycott brokers business of insurance casualty and surety Chairman Clayton Act competition concert Congress construed decision deviation disapprove District of Columbia enacted examination Federal Federal Trade Commission FERGUSON filing hearing insurance business Insurance Commissioners insurance companies insurance rates insurer or rating JORDAN kinds of insurance legislation license MCCARRAN McCarran Act member or subscriber members and subscribers moratorium MURDOCK O'MAHONEY operation permit policyholders premium President price-fixing prohibit proposed Provisions of H. R. public interest Public Law 15 purpose rate regulation rate regulatory laws rating law rating organization rating plans rating systems Raymond Berry reasonable repeal respect risks Robinson-Patman Act rules Senator from Michigan Senator yield Sherman Act Sherman Antitrust Act SIMPSON solvency specifically standards statement Superintendent of Insurance supervisory official Supreme Court thereof tion underwriting unfairly discriminatory violation waiting period
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Էջ 147 - If any provision of this Act or the application of such provision to any person or circumstances shall be held invalid, the remainder of the Act, and the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Էջ 144 - Act, as amended, shall be applicable to the business of insurance to the extent that such business is not regulated by State law.
Էջ 164 - The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business.
Էջ 151 - No Act of Congress shall be construed to invalidate, impair. or supersede any law enacted by any State for the purpose of regulating the business of insurance...
Էջ 23 - Risks may be grouped by classifications for the establishment of rates and minimum premiums. Classification rates may be modified to produce rates for individual risks in accordance with rating plans which establish standards for measuring variations in hazards or expense provisions, or both.
Էջ 147 - Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest...
Էջ 146 - ... subdivision, or class of risk or a part or combination thereof for which it is authorized to act as a rating organization.
Էջ 25 - If any clause, sentence, paragraph or part of this act, or the application thereof to any person or circumstances, shall, for any reason, be adjudged by a court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder of this act...
Էջ 22 - ... upon whom notices or orders of the commissioner or process affecting such rating organization may be served. (2...
Էջ 3 - The commissioner shall review filings as soon as reasonably possible after they have been made in order to determine whether they meet the requirements of this act.