FEDERAL · 12 U.S.C. · Chapter 19

Insurance rates; report to Congress

12 U.S.C. § 1883
Title12Banks and Banking
Chapter19 — SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS

This text of 12 U.S.C. § 1883 (Insurance rates; report to Congress) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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12 U.S.C. § 1883.

Text

The Federal supervisory agencies shall consult with

(1)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
(2)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.

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Related

Steinberg v. Mozilo
135 F. Supp. 3d 178 (S.D. New York, 2015)
3 case citations

Source Credit

History

(Pub. L. 90–389, §4, July 7, 1968, 82 Stat. 295.)

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