NYACT Antitrust Compliance Guidelines

It is the practice of New York Anti Car Theft & Fraud (NYACT), and its members to comply strictly with all laws, including federal and state antitrust laws that apply to NYACT operations and activities. Compliance with the letter and spirit of the antitrust laws is an important goal of NYACT and is essential to maintaining the organization’s reputation for the highest standards of ethical conduct.

Please review the following full Antitrust Statement guidelines prior to any meeting of NYACT:

The purpose of this meeting is to discuss information and strategies related to the prevention, detection and prosecution of insurance fraud and crime. To ensure antitrust compliance with federal and state laws, meeting participant s should abide by the following guidelines in all discussions or correspondence as to the meetings and related conversations. There should be:

• NO exchange of information concerning current or future rates, discounts, surcharges, rate structures or classifications, losses, expenses or other costs or profits; current or future product design or coverage; any current or future terms of sale or other marketing practice s or response; current or future underwriting practices or eligibility for insurance; or any other aspects of the operations of any individual companies;
• NO discussions or correspondence concerning prices or labor rates charged by, or whether to do business with particular suppliers or service providers for the insurance industry (such as doctors and other health care providers; roofers and other members of the construction industry; auto body or glass repair shops; lawyers; adjusters; appraisers or experts);
• NO discussion or correspondence concerning any forms of joint or cooperative action by insurers;
• NO discussion or correspondence concerning any forms of joint or cooperative action by insurers beyond that authorized by the antitrust laws for efforts directed at the investigation or detection of potential insurance fraud; and
• NO discussion or correspondence concerning possible action by an individual insurer based on information received or discussed in the meetings.
• All participants in any discussion or correspondence must immediately object to discussions which exceed the limitations stated in these guidelines. Participants should discuss any questions which they may have regarding these guideline s prior to engaging in any questionable discussions.