The Life Insurance Industry: Hearings Before the Subcommittee on Antitrust and Monopoly of ...

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Page 7 - Congress with reference to the regulation of the business of insurance. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest, and that silence on the part of the Congress shall not be construed to impose any barrier to the regulation or taxation of such business by the several States.
Page 562 - ... all losses actually sustained within the year and not compensated by insurance or otherwise...
Page 827 - Payments upon such subscription shall be subject to call in whole or in part by the board of directors of the Corporation.
Page 858 - A provision that the policy shall be incontestable after it has been in force during the lifetime of the insured for a period of two years from its date of issue...
Page 830 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity.
Page 851 - Any association may take, receive, reserve, and charge on any loan or discount made, or upon any note, bill of exchange, or other evidences of debt, interest at the rate allowed by the laws of the State, Territory, or District where the bank is located...
Page 849 - Act, as amended (USC, title 12, sees. 141, 222-225, 281-286, and 502) or, (b) in the case of a State member bank, all of its rights and privileges of membership in the Federal Reserve System may be forfeited in the manner prescribed in section 9 of the Federal Reserve Act, as amended (USC, title 12, sees.
Page 831 - Sixth. To prescribe by its board of directors, by-laws not inconsistent with law, regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed.
Page 562 - That every corporation, joint stock company or association, organized for profit and having a capital stock represented by shares, and every insurance company, now or hereafter organized under the laws of the United States or of any State or Territory of the United States or under the acts of Congress applicable to Alaska or the District of Columbia...
Page 845 - In no event shall the total amount of the investment securities of any one obligor or maker, held by the association for its own account, exceed at any time 10 per centum of its capital stock actually paid in and unimpaired and 10 per centum of its unimpaired surplus fund...

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