§9671. Definitions — Inbound Citations
42 U.S.C. § 9671
Cited by 61 provisions in release 119-102.
Citations to §9671(1)
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(a) Nothing in this subchapter shall be construed to affect either the tort law or the law governing the interpretation of insurance contracts of any State. The definitions of pollution liability and pollution liability insurance under any State law shall not be applied for the purposes of this subchapter, including recognition or qualification of risk retention groups or purchasing groups.
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(b) The authority to offer or to provide insurance under this subchapter shall be limited to coverage of pollution liability risks and this subchapter does not authorize a risk retention group or purchasing group to provide coverage of any other line of insurance.
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(2) A State law, rule, or order which requires or permits a risk retention group to participate in any insurance insolvency guaranty association to which an insurer licensed in the State is required to belong.
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(3) A State law, rule, or order which requires any insurance policy issued to a risk retention group or any member of the group to be countersigned by an insurance agent or broker residing in the State.
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(C) Participate, on a nondiscriminatory basis, in any mechanism established or authorized under the law of the State for the equitable apportionment among insurers of pollution liability insurance losses and expenses incurred on policies written through such mechanism.
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(D) Submit to the appropriate authority reports and other information required of licensed insurers under the laws of a State relating solely to pollution liability insurance losses and expenses.
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(G) Submit to an examination by the State insurance commissioner in any State in which the group is doing business to determine the group’s financial condition, if—(i) the commissioner has reason to believe the risk retention group is in a financially impaired condition; and(ii) the commissioner of the jurisdiction in which the group is chartered has not begun or has refused to initiate an examination of the group.
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(H) Comply with a lawful order issued in a delinquency proceeding commenced by the State insurance commissioner if the commissioner of the jurisdiction in which the group is chartered has failed to initiate such a proceeding after notice of a finding of financial impairment under subparagraph (G).
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(1) pollution liability insurance coverage provided by a risk retention group for—(A) such group; or(B) any person who is a member of such group;
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(2) the sale of pollution liability insurance coverage for a risk retention group; and
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(3) the provision of insurance related services or management services for a risk retention group or any member of such a group.
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(2) A State law, rule, or order which makes it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its member, advantages, based on their loss and expense experience, not afforded to other persons with respect to rates, policy forms, coverages, or other matters.
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(3) A State law, rule, or order which prohibits a purchasing group or its members from purchasing insurance on the group basis described in paragraph (2) of this subsection.
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(4) A State law, rule, or order which prohibits a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time.
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(6) A State law, rule, or order which requires that a certain percentage of a purchasing group must obtain insurance on a group basis.
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(7) A State law, rule, or order which requires that any insurance policy issued to a purchasing group or any members of the group be countersigned by an insurance agent or broker residing in that State.
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(1) Pollution liability insurance, and comprehensive general liability insurance which includes this coverage, provided to—(A) a purchasing group; or(B) any person who is a member of a purchasing group.
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(A) Pollution liability insurance and comprehensive general liability coverage.
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(B) Insurance related services.
Citations to §9671(2)
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(a) Nothing in this subchapter shall be construed to affect either the tort law or the law governing the interpretation of insurance contracts of any State. The definitions of pollution liability and pollution liability insurance under any State law shall not be applied for the purposes of this subchapter, including recognition or qualification of risk retention groups or purchasing groups.
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(b) The authority to offer or to provide insurance under this subchapter shall be limited to coverage of pollution liability risks and this subchapter does not authorize a risk retention group or purchasing group to provide coverage of any other line of insurance.
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(C) Participate, on a nondiscriminatory basis, in any mechanism established or authorized under the law of the State for the equitable apportionment among insurers of pollution liability insurance losses and expenses incurred on policies written through such mechanism.
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(D) Submit to the appropriate authority reports and other information required of licensed insurers under the laws of a State relating solely to pollution liability insurance losses and expenses.
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(1) pollution liability insurance coverage provided by a risk retention group for—(A) such group; or(B) any person who is a member of such group;
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(2) the sale of pollution liability insurance coverage for a risk retention group; and
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(1) Pollution liability insurance, and comprehensive general liability insurance which includes this coverage, provided to—(A) a purchasing group; or(B) any person who is a member of a purchasing group.
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(A) Pollution liability insurance and comprehensive general liability coverage.
Citations to §9671(3)
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(a) Nothing in this subchapter shall be construed to affect either the tort law or the law governing the interpretation of insurance contracts of any State. The definitions of pollution liability and pollution liability insurance under any State law shall not be applied for the purposes of this subchapter, including recognition or qualification of risk retention groups or purchasing groups.
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(b) The authority to offer or to provide insurance under this subchapter shall be limited to coverage of pollution liability risks and this subchapter does not authorize a risk retention group or purchasing group to provide coverage of any other line of insurance.
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(a) Except as provided in this section, a risk retention group shall be exempt from the following:(1) A State law, rule, or order which makes unlawful, or regulates, directly or indirectly, the operation of a risk retention group.(2) A State law, rule, or order which requires or permits a risk retention group to participate in any insurance insolvency guaranty association to which an insurer licensed in the State is required to belong.(3) A State law, rule, or order which requires any insurance policy issued to a risk retention group or any member of the group to be countersigned by an insurance agent or broker residing in the State.(4) A State law, rule, or order which otherwise discriminates against a risk retention group or any of its members.
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(1) A State law, rule, or order which makes unlawful, or regulates, directly or indirectly, the operation of a risk retention group.
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(2) A State law, rule, or order which requires or permits a risk retention group to participate in any insurance insolvency guaranty association to which an insurer licensed in the State is required to belong.
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(3) A State law, rule, or order which requires any insurance policy issued to a risk retention group or any member of the group to be countersigned by an insurance agent or broker residing in the State.
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(4) A State law, rule, or order which otherwise discriminates against a risk retention group or any of its members.
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(1) Nothing in subsection (a) shall be construed to affect the applicability of State laws generally applicable to persons or corporations. The State in which a risk retention group is chartered may regulate the formation and operation of the group.
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(2) Subsection (a) shall not apply to any State law which requires a risk retention group to do any of the following:(B) Pay, on a nondiscriminatory basis, applicable premium and other taxes which are levied on admitted insurers and surplus line insurers, brokers, or policyholders under the laws of the State.(C) Participate, on a nondiscriminatory basis, in any mechanism established or authorized under the law of the State for the equitable apportionment among insurers of pollution liability insurance losses and expenses incurred on policies written through such mechanism.(D) Submit to the appropriate authority reports and other information required of licensed insurers under the laws of a State relating solely to pollution liability insurance losses and expenses.(E) Register with and designate the State insurance commissioner as its agent solely for the purpose of receiving service of legal documents or process.(F) Furnish, upon request, such commissioner a copy of any financial report submitted by the risk retention group to the commissioner of the chartering or licensing jurisdiction.(G) Submit to an examination by the State insurance commissioner in any State in which the group is doing business to determine the group’s financial condition, if—(i) the commissioner has reason to believe the risk retention group is in a financially impaired condition; and(ii) the commissioner of the jurisdiction in which the group is chartered has not begun or has refused to initiate an examination of the group.(H) Comply with a lawful order issued in a delinquency proceeding commenced by the State insurance commissioner if the commissioner of the jurisdiction in which the group is chartered has failed to initiate such a proceeding after notice of a finding of financial impairment under subparagraph (G).
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(F) Furnish, upon request, such commissioner a copy of any financial report submitted by the risk retention group to the commissioner of the chartering or licensing jurisdiction.
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(i) the commissioner has reason to believe the risk retention group is in a financially impaired condition; and
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(1) pollution liability insurance coverage provided by a risk retention group for—(A) such group; or(B) any person who is a member of such group;
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(2) the sale of pollution liability insurance coverage for a risk retention group; and
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(3) the provision of insurance related services or management services for a risk retention group or any member of such a group.
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(d) A State may require that a person acting, or offering to act, as an agent or broker for a risk retention group obtain a license from that State, except that a State may not impose any qualification or requirement which discriminates against a nonresident agent or broker.
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(a) The ownership interests of members of a risk retention group shall be considered to be—(1) exempted securities for purposes of section 77e of title 15 and for purposes of section 78l of title 15; and(2) securities for purposes of the provisions of section 77q of title 15 and the provisions of section 78j of title 15.
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(b) A risk retention group shall not be considered to be an investment company for purposes of the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.).
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(c) The ownership interests of members in a risk retention group shall not be considered securities for purposes of any State blue sky law.
Citations to §9671(4)
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(a) Nothing in this subchapter shall be construed to affect either the tort law or the law governing the interpretation of insurance contracts of any State. The definitions of pollution liability and pollution liability insurance under any State law shall not be applied for the purposes of this subchapter, including recognition or qualification of risk retention groups or purchasing groups.
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(b) The authority to offer or to provide insurance under this subchapter shall be limited to coverage of pollution liability risks and this subchapter does not authorize a risk retention group or purchasing group to provide coverage of any other line of insurance.
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(a) Except as provided in this section, a purchasing group is exempt from the following:(1) A State law, rule, or order which prohibits the establishment of a purchasing group.(2) A State law, rule, or order which makes it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its member, advantages, based on their loss and expense experience, not afforded to other persons with respect to rates, policy forms, coverages, or other matters.(3) A State law, rule, or order which prohibits a purchasing group or its members from purchasing insurance on the group basis described in paragraph (2) of this subsection.(4) A State law, rule, or order which prohibits a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time.(5) A State law, rule, or order which requires that a purchasing group must have a minimum number of members, common ownership or affiliation, or a certain legal form.(6) A State law, rule, or order which requires that a certain percentage of a purchasing group must obtain insurance on a group basis.(7) A State law, rule, or order which requires that any insurance policy issued to a purchasing group or any members of the group be countersigned by an insurance agent or broker residing in that State.(8) A State law, rule, or order which otherwise discriminate1 against a purchasing group or any of its members.
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(1) A State law, rule, or order which prohibits the establishment of a purchasing group.
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(2) A State law, rule, or order which makes it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its member, advantages, based on their loss and expense experience, not afforded to other persons with respect to rates, policy forms, coverages, or other matters.
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(3) A State law, rule, or order which prohibits a purchasing group or its members from purchasing insurance on the group basis described in paragraph (2) of this subsection.
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(4) A State law, rule, or order which prohibits a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time.
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(5) A State law, rule, or order which requires that a purchasing group must have a minimum number of members, common ownership or affiliation, or a certain legal form.
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(6) A State law, rule, or order which requires that a certain percentage of a purchasing group must obtain insurance on a group basis.
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(7) A State law, rule, or order which requires that any insurance policy issued to a purchasing group or any members of the group be countersigned by an insurance agent or broker residing in that State.
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(8) A State law, rule, or order which otherwise discriminate1 against a purchasing group or any of its members.
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(A) a purchasing group; or
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(B) any person who is a member of a purchasing group.
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(2) The sale of any one of the following to a purchasing group or a member of the group:(A) Pollution liability insurance and comprehensive general liability coverage.(B) Insurance related services.(C) Management services.
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(c) A State may require that a person acting, or offering to act, as an agent or broker for a purchasing group obtain a license from that State, except that a State may not impose any qualification or requirement which discriminates against a nonresident agent or broker.