---
kind: "section"
citation: "15 U.S.C. § 6715"
title: "15"
title_heading: "Commerce and Trade"
number: "6715"
heading: "Certain State affiliation laws preempted for insurance companies and affiliates"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/6715"
units:
  - "Chapter 93 — Insurance"
  - "Subchapter I — State Regulation of Insurance"
---

# §6715. Certain State affiliation laws preempted for insurance companies and affiliates


Except as provided in [section 6701(c)(2) of this title](/usc/15/6701.md?p=c-2), no [State](/usc/15/15g.md?p=2) may, by law, regulation, order, interpretation, or otherwise—

- (1) prevent or significantly interfere with the ability of any insurer, or any affiliate of an insurer (whether such affiliate is organized as a stock company, mutual holding company, or otherwise), to become a financial holding company or to acquire control of a depository institution;
- (2) limit the amount of an insurer’s assets that may be invested in the voting securities of a depository institution (or any company which controls such institution), except that the laws of an insurer’s [State](/usc/15/15g.md?p=2) of domicile may limit the amount of such investment to an amount that is not less than 5 percent of the insurer’s admitted assets; or
- (3) prevent, significantly interfere with, or have the authority to review, approve, or disapprove a plan of reorganization by which an insurer proposes to reorganize from mutual form to become a stock insurer (whether as a direct or indirect subsidiary of a mutual holding company or otherwise) unless such [State](/usc/15/15g.md?p=2) is the [State](/usc/15/15g.md?p=2) of domicile of the insurer.

## Source credit

(Pub. L. 106–102, title III, § 306, Nov. 12, 1999, 113 Stat. 1415.)