Home/U.S. Code/Title 15/Ch. 1/§ 38
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Association of marine insurance companies; application of antitrust laws

15 U.S.C. § 38
Title15 — Commerce and Trade
Chapter1 — MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE

This text of 15 U.S.C. § 38 (Association of marine insurance companies; application of antitrust laws) 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.

Bluebook
15 U.S.C. § 38.

Text

(a)Whenever used in this section—
(1)The term "association" means any association, exchange, pool, combination, or other arrangement for concerted action; and
(2)The term "marine insurance companies" means any persons, companies, or associations, authorized to write marine insurance or reinsurance under the laws of the United States or of a State, Territory, District, or possession thereof.
(b)Nothing contained in the "antitrust laws" as designated in section 12 of this title, shall be construed as declaring illegal an association entered into by marine insurance companies for the following purposes: To transact a marine insurance and reinsurance business in the United States and in foreign countries and to reinsure or otherwise apportion among its membership the risks undertaken by su

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Related

§ 12
15 U.S.C. § 12

Source Credit

History

(June 5, 1920, ch. 250, §29, 41 Stat. 1000.)

Editorial Notes

Editorial Notes

Codification
Section was classified to section 885 of the former Appendix to Title 46, prior to the completion of the enactment of Title 46, Shipping, by Pub. L. 109–304, Oct. 6, 2006, 120 Stat. 1485.

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Bluebook (online)
15 U.S.C. § 38, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/38.