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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 38 Association of marine insurance companies; application of antitrust laws us united_states_code code_section 15 COMMERCE AND TRADE 1 MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE 38 15 U.S.C. § 38 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s38 data/legal/raw/us/code/title-15/usc15.xml b5bc760af466b0c4cdb22b04ef88003bf14da583435b6e5d23c1e8f7a153e51f 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 dbf3e3ca7597a2cc8110639b3c5fd5834a71add5b8747b31ef52cbea33305135 2026-07-04 official
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15 U.S.C. § 38 - Association of marine insurance companies; application of antitrust laws

Text

(a) Whenever used in this section—

(1) The term “association” means any association, exchange, pool, combination, or other arrangement for concerted action; and

(2) The term “marine insurance companies” means any persons, companies, or associations, authorized to write marine insurance or reinsurance under the laws of the United States or of a State, Territory, District, or possession thereof.

(b) Nothing contained in the “antitrust laws” as designated in section 12 of this title, shall be construed as declaring illegal an association entered into by marine insurance companies for the following purposes: To transact a marine insurance and reinsurance business in the United States and in foreign countries and to reinsure or otherwise apportion among its membership the risks undertaken by such association or any of the component members.

(June 5, 1920, ch. 250, § 29, 41 Stat. 1000.)

Notes

Editorial Notes

Codification Section was classified to section 885 of the former Appendix to Title 46, prior to the completion of the enactment of Title 46, Shipping, by Pub. L. 109304, Oct. 6, 2006, 120 Stat. 1485.