§ 38. Association of marine insurance companies; application of antitrust laws

175 words·~1 min read·/usc/title-15/section-38

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(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.)

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Cited by 2 sections

U.S. Code

§ 1014
Effect on other laws

statute-compilations

Sec. 29.2
**[**[15 U.S.C. 38](/us/usc/t15/s38)**]**

Traces to 1 document

U.S. Code

Definitions; short title
§ 12

4 references not yet in our index

June 5, 1920, ch. 250, § 29
41 Stat. 1000
Pub. L. 109–304
120 Stat. 1485

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§ 38

Association of marine insurance companies; application of antitrust laws

Stat. Comp.×1

U.S.C.×1

U.S.C.§ 12

ActJune 5, 1920, ch. 250, § 29

Stat.41 Stat. 1000

Pub. L.Pub. L. 109–304

Stat.120 Stat. 1485

Cites 5Cited by 2 across 2 sources