Anti-trust Compliance Statement
THE INSURANCE MARKETING & COMMUNICATIONS ASSOCIATION IS COMMITTED TO CONDUCTING ALL ITS ACTIVITIES IN COMPLIANCE WITH THE FEDERAL AND STATE ANTITRUST LAWS.
The antitrust laws prohibit agreements that unreasonably interfere with free and open competition. IMCA is committed to the competitive process.
The McCarran-Ferguson Act allows the insurance industry to operate under a limited federal antitrust exemption. The exemption is a limited one which applies to the "business of insurance" regulated by the states. IMCA members and meeting participants will discuss only the business of IMCA as set forth in the agenda for this meeting. IMCA members and meeting participants must exercise caution in conversations with competitors. There shall be no discussions of agreements or concerted action to restrain competition, such as price fixing, boycotts, refusals to deal, or allocations of markets. Specifically, the following subjects will not be discussed:
- Raising, lowering or stabilizing actual insurance rates
- Underwriting policies
- Marketing strategies
- Restricting the availability of insurance
- Allocating markets, territories or insureds
- Boycotting in any form
- Current or future prices
- Profit levels
- Credit terms
- Premium costs
- Quoting or not quoting certain classes or types of risks
Nor should you discuss these subjects with your competitors outside the meeting room. You should avoid any discussions, whether formal or informal, that may be misconstrued as an attempt to engage in collusion or other violations of the antitrust laws.
Antitrust concerns are serious matters. All meeting participants are obliged to speak up immediately for the purpose of preventing any discussion from going beyond the bounds indicated by this statement. Participants are further advised to raise questions they may have about the guidelines prior to engaging any questionable discussions.