§ 1883. — Insurance rates; report to Congress.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1883]
TITLE 12--BANKS AND BANKING
CHAPTER 19--SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS
Sec. 1883. Insurance rates; report to Congress
The Federal supervisory agencies shall consult with
(1) insurers furnishing insurance protection against losses
resulting from robberies, burglaries, and larcenies committed
against financial institutions referred to in section 1881 of this
title, and
(2) State agencies having supervisory or regulatory
responsibilities with respect to such insurers
to determine the feasibility and desirability of premium rate
differentials based on the installation, maintenance, and operation of
security devices and procedures. The Federal supervisory agencies shall
report to the Congress the results of their consultations pursuant to
this section not later than two years after July 7, 1968.
(Pub. L. 90-389, Sec. 4, July 7, 1968, 82 Stat. 295.)
