12 U.S.C. § 1883 — Insurance rates; report to Congress
submitted 58 years ago by Pub. L. 90-389 to r/title-12-BANKS-AND-BANKING · 97 words · no verdicts yet
This section addresses Insurance rates; report to Congress. It states the requirements, authorities, procedures, and limits contained in the section.
The Federal supervisory agencies shall consult with
insurers furnishing insurance protection against losses resulting from robberies, burglaries, and larcenies committed against financial institutions referred to in section 1881 of this title, and
State* agencies having supervisory or regulatory responsibilities with respect to such insurers
to determine the feasibility and desirability of premium rate differentials based on the installation, maintenance, and operation of security devices and procedures. The Federal supervisory agencies shall report to the Congress the results of their consultations pursuant to this section not later than two years after July 7, 1968.
Source credit: (Pub. L. 90–389, § 4, July 7, 1968, 82 Stat. 295.)
- 1968Enacted · Pub. L. 90-389 · 82 Stat. 295
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-389 on 1968-07-07.
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