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No Anticompetitive Agreements or Understandings

Neither LIMRA nor any committee or activity of LIMRA shall be used for the purpose of bringing about or attempting to bring about any agreement, written or oral, formal or informal, express or implied, among competitors regarding:

  • Prices, premiums, interest rates, or other financial terms or conditions of any products to be offered for sale by insurance companies
  • The kinds of products to be offered
  • The customers to whom any insurance company product may be sold
  • The territories in which such product may be sold

No Discussion of Future Prices, Interest Rates, etc.

No LIMRA activity shall include discussion for any purpose relating to future prices, future premiums, future interest rates, or other financial terms or conditions of any products to be offered for sale in the future by insurance companies or other participants.

No Exchange of Future or Non-Public Pricing Data

No LIMRA committee or group shall undertake any activity which involves exchange or collection and dissemination among competitors of any information regarding future prices, future premiums, future interest rates, or other financial terms or conditions of any products to be offered for sale in the future by insurance companies or other participants.
Members and other participants providing financial data relating to prices, interest rates, credit or other financial terms may only provide past or current data that is available to the public. Under no conditions shall members or other participants provide non-public information relating to prices, interest rates and the like, nor shall they provide any information regarding their intentions concerning future prices, interest rates and the like.

Exchange of Cost Information—Prohibited Purposes

No LIMRA activity shall include any discussion of costs or any exchange of cost information for the purpose or with the probable effect of:

  • increasing, maintaining, or stabilizing prices, premiums, interest rates, or other terms or conditions of insurance company products.
  • reducing competition with respect to the range or quality of products or services offered by insurance companies, or
  • promoting agreement among insurance companies with respect to their selection of products or services for purchase, their choice of suppliers, or the prices they will pay for products or services, including commissions for the services of commissioned agents.

Published Papers

Papers published by LIMRA or presented in connection with LIMRA programs should not discuss or refer to future or non-public prices, premiums, interest rates, or other financial terms or conditions of insurance products offered for sale by insurance companies. Reference to costs in such papers should not be accompanied by any suggestion, express or implied, that premiums, interest rates or other terms or conditions of insurance company products should be raised, adjusted, or maintained in order to reflect such costs.

Author Notification

Authors of conference papers shall be informed of LIMRA’s antitrust compliance rules and the need to comply with these rules in the preparation and presentation of their papers.

Exclusion from LIMRA Activities

No person shall be arbitrarily or unreasonably excluded from participation in any LIMRA committee or activity where such exclusion may impair such person’s ability, or the ability of his or her employer, to compete effectively in the life insurance or as a supplier to the life insurance industry.

Product Standardization

Neither LIMRA nor any LIMRA committee or group shall make any effort to bring about the standardization of any insurance product for the purpose or with the effect of preventing the development or sale of any product not conforming to a specified standard.

Independent Dealings with Suppliers

No LIMRA activity or communication shall include any agreement, or any discussion which might be construed as an agreement, to collectively refrain from purchasing any equipment, services, or supplies from any supplier.

NOTE:

All participants in LIMRA activities are expected to comply with the foregoing rules and LIMRA’s antitrust policy during informal discussions at the site of LIMRA meetings as well as formal LIMRA activities.

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