Nomination of William K. Divers: Hearing Before a Subcommittee, Eighty-second Congress, First Session, on Nomination of William K. Divers to be a Member of the Home Loan Bank Board for a Term of 4 Years. June 27, 1951

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U.S. Government Printing Office, 1951 - 45 páginas
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Página 3 - The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business.
Página 3 - ... not authorized to do business in this state, thus presenting to such residents the often insuperable obstacle of resorting to distant forums for the purpose of asserting legal rights under such policies.
Página 36 - Operations of the Federal Home Loan Bank System and the Federal Savings and Loan Insurance Corporation...
Página 3 - ... asserting legal rights under such policies. In furtherance of such state interest, the legislature herein provides a method of substituted service of process upon such insurers and declares that in so doing it exercises its power to protect its residents and to define, for the purpose of this...
Página 3 - Congress with reference to the regulation of the business of insurance. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest, and that silence on the part of the Congress shall not be construed to impose any barrier to the regulation or taxation of such business by the several States.
Página 3 - The purpose of this Act is to subject certain insurers to the jurisdiction of courts of this state in suits by or on behalf of insureds or beneficiaries under insurance contracts. The legislature declares that it is a subject of concern that many residents of this state hold policies of insurance issued...
Página 3 - Fourth. To sue and be sued, complain and defend, in any court of law or equity, State or Federal.
Página 3 - ... of process upon such insurers and declares that in so doing it exercises its power to protect its residents and to define for the purpose of this statute what constitutes doing business in this State and also exercises powers and privileges available to it by virtue of Public Law 15, Seventy-ninth Congress of the United States, chapter 20, first session. S. 340 as amended which declares that the business of insurance and every person engaged therein shall be subject to the laws of the several...
Página 45 - If not, without objection, the committee will stand in recess, subject to the call of the chairman. (Whereupon, at 12:10 pm, the committee recessed, to reconvene at the call of the Chair...
Página 1 - Again, Mr. Chairman, I want to thank you for your courtesy in permitting me to participate in these hearings.

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