15-U.S.C.-6715

§6715 – Certain State Affiliation Laws Preempted For Insurance Companies and Affiliates

Pathway

Title 15 > Chapter 93 > Subchapter I > Section 6715

Details

• Reference: Section 6715
• Legend: §6715 – Certain State Affiliation Laws Preempted For Insurance Companies and Affiliates
• USCode Year: 2013

Provision Content

Except as provided in section 6701(c)(2) of this title, no State may, by law, regulation, order, interpretation, or otherwise—

(1) prevent or significantly interfere with the ability of any insurer, or any affiliate of an insurer (whether such affiliate is organized as a stock company, mutual holding company, or otherwise), to become a financial holding company or to acquire control of a depository institution;

(2) limit the amount of an insurers assets that may be invested in the voting securities of a depository institution (or any company which controls such institution), except that the laws of an insurers State of domicile may limit the amount of such investment to an amount that is not less than 5 percent of the insurers admitted assets; or

(3) prevent, significantly interfere with, or have the authority to review, approve, or disapprove a plan of reorganization by which an insurer proposes to reorganize from mutual form to become a stock insurer (whether as a direct or indirect subsidiary of a mutual holding company or otherwise) unless such State is the State of domicile of the insurer.

(Pub. L. 106–102, title III, §306, Nov. 12, 1999, 113 Stat. 1415.)

U.S. Encyclopedia of Law Coverage

15-U.S.C.-6713 in the Legal Encyclopedia: Trade Law

In this entry about 15-U.S.C.-6713, 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.-8232 in the Legal Encyclopedia: Insurance

In this entry about 15-U.S.C.-8232, 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.

Topic Map

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