Title 15 — Commerce and Trade
Chapter 93 — Insurance
§ 6757. Report by the Association
Statutory text
In general
As soon as practicable after the close of each fiscal year, the Association shall submit to the President, through the Department of the Treasury, and the States (including State insurance regulators), and shall publish on the website of the Association, a written report regarding the conduct of its business, and the exercise of the other rights and powers granted by this subchapter, during such fiscal year.
Financial statements
Each report submitted under subsection (a) with respect to any fiscal year shall include audited financial statements setting forth the financial position of the Association at the end of such fiscal year and the results of its operations (including the source and application of its funds) for such fiscal year.
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.
Pub. L. 106–102 title III § 327 · 113 Stat. 1338
Enacted · 15 U.S.C. § 6757
(Pub. L. 106–102, title III, § 327, as added Pub. L. 114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 24.)
Source evidence
Code source credit
(Pub. L. 106–102, title III, § 327, as added Pub. L. 114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 24.)Enacted provision · exact public law section
SEC. 327. OFFICERS. (a) In General.— (1) Positions.— The officers of the Association shall consist of a chairperson and a vice chairperson of the Board, a president, secretary, and treasurer of the Association, and such other officers and assistant officers as may be deemed necessary. (2) Manner of selection.— Each officer of the Board and the Association shall be elected or appointed at such time and in such manner and for such terms not exceeding 3 years as may be prescribed in the bylaws of the Association. (b) Criteria for Chairperson.— Only individuals who are members of the NAIC shall be eligible to serve as the chairperson of the board of directors.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
Provisions similar to this section were contained in section 6762(c) of this title, prior to the general amendment of this subchapter by Pub. L. 114–1.
A prior section 6757, Pub. L. 106–102, title III, § 327, , 113 Stat. 1427, related to officers of the Association, prior to the general amendment of this subchapter by Pub. L. 114–1.
Credits
(Pub. L. 106–102, title III, § 327, as added Pub. L. 114–1, title II, § 202(a), , 129 Stat. 24.)