Page:United States Statutes at Large Volume 84 Part 2.djvu/460

 1790

PUBLIC LAW 91^09-DEC. 31, 1970

[84 STAT.

"ESTABLISHMENT OF AFFORDABLE RATES

"SEC. 1233. I n estimating the affordable rates for the various crime insurance coverages offered from time to time under this part, the Secretary shall consult with appropriate State insurance authorities and other knowledgeable persons and is authorized to take into consideration the nature and degree of the risks involved, the protective devices employed, the extent of anticipated losses, the prevailing rates for similar coverages in adjacent or comparable areas and territories, the economic importance of the various individual coverages and the type of property involved, and the relative abilities of the particular classes and types of insureds to pay the full estimated costs of such coverages. Nothing in this section shall be construed to prohibit or require either the adoption of uniform national rates or the periodic modification of currently estimated affordable rates for any particular line or subline of coverage, class, State, territory, or risk on the basis of additional information or actual loss experience. "REPORTS ON OPERATIONS

Rep^orts to Con-

ag^,^;^234. The Secretary shall include in his reports to the Congress on the program authorized by this title full and complete information on his operations and activities under this part, together with such recommendations with respect thereto as he may deem appropriate." 82 Stat. 561. ^^^ Section 1222(a) of such Act is amended by striking out "section 8. " 1233" and inserting in lieu thereof "section 1243". 12 USC i749bbb(f) Section 1244(c) of such Act (as redesignated by subsection (d) ^^' of this section) is amended by striking out "section 1232" and inserting in lieu thereof "section 1242". ^^12 USC i749bbb^g^ Section 1241(a) of such Act (as so redesignated) is amended by inserting "or direct insurance" after "reinsurance", and by inserting "or property owners" after "insurers". (h) Section 1241(b) of such Act (as so redesignated) is amended by inserting "or direct insurance" after "reinsurance". 12 USC i749bbb(^i^ Section 1242(a) of such Act (as so redesignated) is amended— ^^' (1) by striking out "the reinsurance program" and inserting in lieu thereof "the reinsurance and direct insurance programs"; (2) by inserting "or direct insurance" after "reinsurance" in paragraphs (1), (2), and (4); (3) by inserting "or property owner" after "any insurer" where it first appears in paragraph (4); and (4) by inserting "or directly insured" after "reinsured" in paragraph (4). 12 USC i749bbb- Q-^ Section 1243 of such Act (as so redesignated) is amended— 13 (1) by inserting "and direct insurance" after "reinsurance" in subsection (a)(1) and each place it appears in subsection (b)(1); (2) by striking out "part B " in subsection (b)(1) and inserting in lieu thereof "parts B and C"; and (3) by redesignating clauses (4) and (5) of subsection (b) as clauses (5) and (6), and inserting after clause (3) a new clause as follows: "(4) such amounts which are hereby authorized to be appropriated as may be necessary from time to time to reimburse the fund for losses and expenses (including administrative expenses) incurred in carrying out the program authorized under part C;". gress»

�