2011 US Code
Title 15 - Commerce and Trade
Chapter 1 - MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE (§§ 1 - 38)
Section 38 - Association of marine insurance companies; application of antitrust laws
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 1 - MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE Sec. 38 - Association of marine insurance companies; application of antitrust laws |
| Contains | section 38 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | June 5, 1920, ch. 250, §29, 41 Stat. 1000. |
| Statutes at Large References | 41 Stat. 1000 120 Stat. 1485 |
| Public Law Reference | Public Law 109-304 |
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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.)
CodificationSection 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.
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