12 USC 1883: Insurance rates; report to Congress
Text contains those laws in effect on December 24, 2024
From Title 12-BANKS AND BANKINGCHAPTER 19-SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS
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§1883. Insurance rates; report to Congress
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.