12-U.S.C.-1747H

§1747H – Termination of Insurance Contract By Investor

Pathway

Title 12 > Chapter 13 > Subchapter VII > Section 1747h

Details

• Reference: Section 1747h
• Legend: §1747H – Termination of Insurance Contract By Investor
• USCode Year: 2013

Provision Content

The investor, after written notice to the Secretary of his intention so to do, may terminate, as of the close of any operating year, any insurance contract made pursuant to this subchapter. The Secretary shall prescribe the events and conditions under which said Secretary shall have the option to terminate any insurance contract made pursuant to this subchapter, and the events and conditions under which said Secretary may reinstate any insurance contract terminated pursuant to this section or section 1747g(a) of this title. If any insurance contract is terminated pursuant to this section, the Secretary may require the investor to pay an adjusted premium charge in such amount as the Secretary determines to be equitable, but not in excess of the aggregate amount of the premium charges which such investor otherwise would have been required to pay if such insurance contract had not been so terminated.

(June 27, 1934, ch. 847, title VII, §709, as added Aug. 10, 1948, ch. 832, title IV, §401, 62 Stat. 1280; amended Apr. 20, 1950, ch. 94, title I, §122, 64 Stat. 59; Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17.)

Amendments

1967—Pub. L. 90–19 substituted Secretary for Commissioner wherever appearing.

1950—Act Apr. 20, 1950, substituted Commissioner for Administrator wherever appearing.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-1747 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-1747, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-1747E in the Legal Encyclopedia: Mortgage

In this entry about 12-U.S.C.-1747E, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.

7-U.S.C.-3502 in the Legal Encyclopedia: Investment

In this entry about 7-U.S.C.-3502, find legal reference material, bibliographies and premiere content related to investment in the American Encyclopedia of Law, presenting a comprehensive view of the United States investment-specific issues, written by authorities in the field.

12-U.S.C.-1747H in the Legal Encyclopedia: Insurance

In this entry about 12-U.S.C.-1747H, find legal reference material, bibliographies and premiere content related to insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States insurance-specific issues, written by authorities in the field.

12-U.S.C.-1738 in the Legal Encyclopedia: Housing

In this entry about 12-U.S.C.-1738, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.

Topic Map

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