THE LIFE INSURANCE INDUSTRY

HEARINGS

BEFORE THE

SUBCOMMITTEE ON

ANTITRUST AND MONOPOLY

OF THE

COMMITTEE ON THE JUDICIARY
UNITED STATES SENATE

NINETY-THIRD CONGRESS

FIRST SESSION

Part 1

FEBRUARY 20, 1973

Printed for the use of the Committee on the Judiciary
(Pursuant to S. Res. 56, sec. 4)

U.S. GOVERNMENT PRINTING OFFICE

25-407 O

WASHINGTON: 1973

For sale by the Superintendent of Documents, U.S. Government Printing Office

JOHN L. MCCLELLAN, Arkansas

SAM J. ERVIN, JR., North Carolina
EDWARD M. KENNEDY, Massachusetts
JOHN TUNNEY, California

ROMAN L. HRUSKA, Nebraska
HIRAM L. FONG, Hawaii

STROM THURMOND, South Carolina
EDWARD J. GURNEY, Florida

HOWARD E. O'LEARY, Staff Director and Chief Counsel