Skip to content

Title 12 — Banks and Banking

Chapter 19 — Security Measures for Banks and Savings Associations

§ 1883. Insurance rates; report to Congress

Statutory text

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 .

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Bank Protection Act of 1968

    Pub. L. 90–389 § 4 · 82 Stat. 294

    Enacted · 12 U.S.C. § 1883

    (Pub. L. 90–389, § 4, July 7, 1968, 82 Stat. 295.)

    Source evidence

    Code source credit
    (Pub. L. 90–389, § 4, July 7, 1968, 82 Stat. 295.)

    Enacted provision · exact public law section
    Sec. 4. The Federal supervisory agencies shall consult with Insurance rates. (1) insurers furnishing insurance protection against losses resulting from robberies, burglaries, and larcenies committed against financial institutions referred to in section 2, 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 Report to Congress. to the Congress the results of their consultations pursuant to this section not later than two years after the date of enactment of this Act.

1 of 1 references resolved to an enrolled provision

Credits

(Pub. L. 90–389, § 4, , 82 Stat. 295.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s1883