Title 12, Banks and BankingRelease 119-110
§1883 Insurance Rates; Report to Congress
Title 12 › CHAPTER 19 — SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS › § 1883
Summary
Federal supervisory agencies must consult insurers who cover theft losses at the financial institutions named in section 1881 and state insurance regulators about using security to vary premiums, and report results to Congress not later than two years after July 7, 1968.
Full Legal Text
Title 12, §1883
Banks and Banking, Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1883
Title 12, Banks and Banking
Last Updated
Sep 22, 2026
Release point: 119-110