Tanenbaum v. New York Fire Insurance Exchange

The gravamen of the action is the attitude assumed by certain fire insurance companies towards the business of fire insurance brokers, and finding its practical expression in the *135agreement by which, the defendant Fire Insurance Exchange came into existence.

It appears that the members of this exchange, all being insurance companies, or underwriters, or representatives of such, being desirous of maintaining a uniform rate of premium for insurance within certain territorial limits, have, by their agreement of membership, bound themselves to refrain from paying commissions to a broker offering…