Federal Insurance Act of 1977: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-fifth Congress, First Session, on S. 1710 ... September 12, 13, and 14, 1977 |
From inside the book
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... Department of Housing and Urban Development , accompanied by Howard Clark , former insurance commissioner of South Carolina_ Joe Sims , Deputy Assistant Attorney General , Antitrust Division , Depart- ment of Justice , accompanied by ...
... Department of Housing and Urban Development , accompanied by Howard Clark , former insurance commissioner of South Carolina_ Joe Sims , Deputy Assistant Attorney General , Antitrust Division , Depart- ment of Justice , accompanied by ...
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... Department and the Department of Housing and Urban Development . Section 102 would create a Federal Insurance Guaranty Fund which would consist of fees paid by insurance companies whose obligations are guaranteed by the Federal ...
... Department and the Department of Housing and Urban Development . Section 102 would create a Federal Insurance Guaranty Fund which would consist of fees paid by insurance companies whose obligations are guaranteed by the Federal ...
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... department , including false and misleading appraisals of certain of the real estate . The operating sub- sidiary of Vanguard was placed in receivership by the State insur- ance department . The limited number of these cases makes it ...
... department , including false and misleading appraisals of certain of the real estate . The operating sub- sidiary of Vanguard was placed in receivership by the State insur- ance department . The limited number of these cases makes it ...
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... departments ? Mr. WILLIAMS . I believe that's right , yes . Senator BROOKE . Is it not true that the budgets allocated to insur- ance departments in some States - and you referred to it - are grossly inadequate to permit proper ...
... departments ? Mr. WILLIAMS . I believe that's right , yes . Senator BROOKE . Is it not true that the budgets allocated to insur- ance departments in some States - and you referred to it - are grossly inadequate to permit proper ...
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... DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT , ACCOMPANIED BY HOWARD CLARK , FORMER INSURANCE COMMISSIONER , SOUTH CAROLINA Mr. HUNTER . I have with me today Mr. Howard Clark , who is a former insurance commissioner of South Carolina and ...
... DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT , ACCOMPANIED BY HOWARD CLARK , FORMER INSURANCE COMMISSIONER , SOUTH CAROLINA Mr. HUNTER . I have with me today Mr. Howard Clark , who is a former insurance commissioner of South Carolina and ...
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Common terms and phrases
adjustment agency amount applicable areas assets banks bench mark bill business of insurance casualty insurance certificate CHAIRMAN claims clause Committee concern Congress consumer Contracting Officer Contractor Cost Accounting Standards coverage determine director effect established exemption Exhibit expenses FDIC federal antitrust laws Federal Insurance Act Federal Insurance Administration Federal Insurance Commission Federal regulation federally chartered insurer federally guaranteed insurer federally-chartered insurer GEICO Government Greater Idaho guaranty fund increase insolvency insurance business insurance companies insurance departments Insurance Guaranty Insurance Guaranty Fund insurance industry insurance regulation insurer's investment issue KINDER legislation liability liquidation losses McCarran Act McCarran-Ferguson Act ment NAIC National offeror paragraph percent Powder Mountain premium prior priority companies problems proposed protection pursuant rate regulation rating laws reinsurance reserve development risk Schedule 13D Section Senator BROOKE Sierra solvency subcontract surplus lines test results tion underwriting
Popular passages
Page 612 - The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business.
Page 102 - Contractor shall not be liable for any excess costs if the failure to perform the contract arises out of causes beyond the control and without the fault or negligence of the Contractor. Such causes may include, but are not restricted to, acts of God or of the public enemy, acts of the Government in either its sovereign or contractual capacity, fires, floods, epidemics, quarantine restrictions, strikes, freight embargoes, and unusually severe weather...
Page 100 - Government under this contract may be assigned to a bank, trust company, or other financing institution, including any Federal lending agency, and may thereafter be further assigned and reassigned to any such institution. Any such assignment or reassignment shall cover all amounts payable under this contract and not already paid, and shall not be made to more than one party...
Page 612 - ... 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 105 - In connection with the terminated portion of this contract whenever In the opinion of the Contracting Officer the aggregate of such payments shall be within the amount to which the Contractor will be entitled hereunder. If the total of such payments Is In excess of the amount finally...
Page 100 - The Contractor agrees that the Administrator of General Services or any of his duly authorized representatives shall, until the expiration of 3 years after final payment under this contract, or of the time periods for the particular records specified in Part 1-20 of the Federal Procurement Regulations (41 CFR Part 1-20) , whichever expires earlier, have access to and the right to examine any books, documents, papers, and records of the Contractor involving transactions related to this contract or...
Page 102 - Government in accordance with this clause in whole, or from time to time in part, whenever the Contracting Officer shall determine that such termination is in the best interest of the Government. Any such termination shall be effected by delivery to the Contractor of a Notice of Termination...
Page 99 - The wages of every laborer and mechanic employed by the Contractor or any subcontractor engaged in the performance of this contract shall be computed on a basic day rate of...
Page 109 - If any such change causes an increase or decrease in the cost of, or the time required for, the performance of any part of the work under this contract, whether changed or not changed by any such order, an equitable adjustment shall be made in the contract price or delivery schedule, or both, and the contract shall be modified in writing accordingly.
Page 103 - And provided further, That the proceeds of any such transfer or disposition shall be applied in reduction of any payments to be made by the Government to the Contractor under this contract or shall otherwise be credited to the price or cost of the work covered by this contract or paid in such other manner as the Contracting Officer may direct...