15-U.S.C.-38
§38 – Association of Marine Insurance Companies; Application of Antitrust Laws
Pathway
Title 15 > Chapter 1 > Section 38
Details
- Reference: Section 38
- Legend: §38 – Association of Marine Insurance Companies; Application of Antitrust Laws
- USCode Year: 2013
Provision Content
(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 such association or any of the component members.
(June 5, 1920, ch. 250, §29, 41 Stat. 1000.)
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.
U.S. Encyclopedia of Law Coverage
15-U.S.C.-26 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-26, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
15-U.S.C.-26B in the Legal Encyclopedia: Restraint of Trade
In this entry about 15-U.S.C.-26B, find legal reference material, bibliographies and premiere content related to restraint of trade in the American Encyclopedia of Law, presenting a comprehensive view of the United States restraint of trade-specific issues, written by authorities in the field.
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