Reactivation of War Damage Insurance: Hearings Before ... , 81-2 on H.R. 913-, 9312, 9340 ... , December 7 and 8, 1950 |
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action actual adopt agency agents amend America amount answer applicable appropriate approval Association assume attack authorized basis believe bill bomb buildings carry Casualty CHAIRMAN charter cities claims COLE committee conduct Congress consideration considered course cover coverage Damage Corporation deemed determined directed dollars DOUGHERTY duties employees enacted enemy establish existing extended Federal fire forces funds Government granted HERD House imposed Indemnity industry injury insurance companies interest involved issued legislation liability limit loss manner meet MULTER necessary objects officers operate otherwise paid places points policies possible powers premium present President problem protection question rates reasonable Reconstruction Finance Corporation referred reinsurance Representatives respect result risk statement succession supplied Territories tion United War Damage Corporation Wolcott workmen's compensation World York
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Page 3 - ... income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority, except that any real property of the Corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent according to its value as other real property is taxed.
Page 11 - States in collecting debts from bankrupt, insolvent, or decedents' estates; to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid...
Page 7 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 6 - Act, the corporation has the power — (1) to sue and be sued, complain and defend, in its corporate name and through its own counsel, in any court, State or Federal; (2) to adopt, alter, and use a corporate seal, which...
Page 12 - Corporation to use its funds to provide, through insurance, reinsurance, or otherwise, reasonable protection against loss of or damage to property, real and personal, which may result from enemy attack (including any action taken by the military, naval, or air forces of the United States in resisting enemy attack...
Page 3 - The Administration is authorized to obtain money from the Treasury of the United States, for use in the performance of the powers and duties granted to or imposed upon it by law, not to exceed a total of $50,000,000 outstanding at any one time.
Page 11 - Corporation shall from time to time establish uniform rates for each type of property with respect to which such protection is made available...
Page 15 - Contractor ; smoke ; sprinkler leakage ; earthquake or volcanic eruption ; flood, meaning thereby rising of a body of water ; hostile or war-like action, including action in hindering, combating, or defending against an actual, impending or expected attack by any government or sovereign power (de jure or de facto) , or by any authority using military, naval, or air forces, or by an agent of any such government...
Page 57 - Secretary shall also contribute to the employees' compensation fund, on the basis of annual billings as determined by the Secretary of Labor for the benefit payments made from such fund on account of the employees engaged in carrying out the provisions of this title.
Page 57 - The Corporation shall contribute to the civil-service retirement and disability fund, on the basis of annual billings as determined by the Civil Service Commission, for the Government's share of the cost of the civil-service retirement system applicable to the Corporation's employees and their beneficiaries. The...
Bibliographic information
| Title | Reactivation of War Damage Insurance: Hearings Before ... , 81-2 on H.R. 913-, 9312, 9340 ... , December 7 and 8, 1950 |
| Author | United States Congress. House. Banking and Currency Committee |
| Published | 1950 |
| Length | 59 pages |
| Export Citation | BiBTeX EndNote RefMan |