
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC6715]

 
                      TITLE 15--COMMERCE AND TRADE
 
                          CHAPTER 93--INSURANCE
 
               SUBCHAPTER I--STATE REGULATION OF INSURANCE
 
Sec. 6715. Certain State affiliation laws preempted for 
        insurance companies and affiliates
        
    Except as provided in section 6701(c)(2) of this title, no State 
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 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 is the State of 
    domicile of the insurer.

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