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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Insurance Competitive Pricing Act of 2005

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To modify the antitrust exemption applicable to the business of insurance.


Actions Overview (1)

Date
05/17/2005Introduced in House

All Actions (2)

Date
05/17/2005Referred to the House Committee on the Judiciary.
Action By: House of Representatives
05/17/2005Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Judiciary05/17/2005 Referred to

No related bill information was received for H.R.2401.


Subjects (12)


Latest Summary (1)

There is one summary for H.R.2401. View summaries

Shown Here:
Introduced in House (05/17/2005)

Insurance Competitive Pricing Act of 2005 - 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.