Insurance Company Regulation: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Second Congress, First Session, May 22, 1991, Volume 4
United States, United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
U.S. Government Printing Office, 1991 - Bankruptcy - 379 pages
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Page 339 - ... shall be deemed equivalent to an appointment by such nonresident of the registrar or his successor in office, to be his true and lawful attorney upon whom may be served all lawful processes...
Page 202 - Nothing contained in any title of this Act shall be construed as indicating an intent on the part of Congress to occupy the field in which any such title operates to the exclusion of State laws on the same subject matter, nor shall any provision of this Act be construed as invalidating any provision of State law unless such provision is inconsistent with any of the purposes of this Act, or any provision thereof.
Page 334 - ... in such condition that its further transaction of business will be hazardous to its policyholders, or to its creditors, or to the public...
Page 337 - The plans or proposals which the acquiring party has to liquidate the insurer, sell its assets or consolidate or merge it with any person, or to make any other material change in its business or corporate structure or management, are unfair and unreasonable to...
Page 115 - States and the governments of the District of Columbia, Guam, American Samoa, Puerto Rico, and the Virgin Islands.
Page 346 - Act which can be given effect without the invalid provision or application, and to this end the provisions of this Act are severable.
Page 334 - ... by contract of reinsurance or otherwise, transferred or attempted to transfer substantially its entire property or business, or entered into any transaction the effect of which is to merge substantially its entire property or business in the property or business of any other...
Page 98 - Internal control comprises the plan of organization and all of the co-ordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies.
Page 18 - NAIC is a voluntary association of the heads of the insurance departments of the 50 states, the District of Columbia, and 4 US territories. NAIC has two organizational elements: the group of state insurance commissioners and its centralized Support and Services Office (support office) headquartered in Kansas City, Missouri.