Regulatory Exclusions Pertaining to Financial Institution D&O Professional Liability Insurance Policies: Hearing Before the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, First Session, November 17, 1993, Volume 4 |
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action Aetna alleged American Casualty American International Group assets Association of Bank bank directors bank's bankers capital Chairman claims clauses compensation CONGRESS THE LIBRARY contract Corporation costs court Coushatta D&O insurance D&O policies decisions defendants depository institutions director or officer directors and officers due process enforcement failed thrifts FDIC FDIC and RTC FDIC's federal banking agencies Federal Deposit Insurance fidelity bond filed financial institutions FIRREA FSLIC golden parachute goodwill gross negligence hearing holding company Inadequate lending indemnification insurance funds insurance policies involving issue lawsuits legislative lending and underwriting liability insurance LIBRARY OF CONGRESS litigation losses MCKOOL million MURPHY November 17 officers and directors payments penalties Professional Liability public policy question Reading Pa real estate recoveries regulators regulatory exclusion regulatory exclusion provisions Republic Bank require Resolution Trust Corporation risk RTC's Seidman shareholders statute subpoenas taxpayers termination Texas troubled institutions violate
Popular passages
Page 469 - First, the private interest that will be affected by the official action; second, the risk of an erroneous deprivation of such interest through the procedures used, and the probable value, if any, of additional or substitute procedural safeguards; and finally, the Government's interest, including the function involved and the fiscal and administrative burdens that the additional or substitute procedural requirement would entail.
Page 466 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 476 - The heart of the matter is that democracy implies respect for the elementary rights of men, however suspect or unworthy; a democratic government must therefore practice fairness; and fairness can rarely be obtained by secret, one-sided determination of facts decisive of rights.
Page 481 - But the Constitution recognizes higher values than speed and efficiency. Indeed, one might fairly say of the Bill of Rights in general, and the Due Process Clause in particular, that they were designed to protect the fragile values of a vulnerable citizenry from the overbearing concern for efficiency and efficacy that may characterize praiseworthy government officials no less, and perhaps more, than mediocre ones.
Page 407 - The general rule at least is that while property may be regulated to a certain extent, if regulation goes too far it will be recognized as a taking.
Page 468 - Many controversies have raged about the cryptic and abstract words of the Due Process Clause but there can be no doubt that at a minimum they require that deprivation of life, liberty or property by adjudication be preceded by notice and opportunity for hearing appropriate to the nature of the case.
Page 405 - ... means the whole or a part of an agency statement of general or particular applicability and future effect designed to implement, interpret, or prescribe law or policy...
Page 488 - ... party to cease and desist from any such violation or practice and to take affirmative action to prevent or remedy such insolvency, dissipation, condition, or prejudice pending completion of such proceedings.
Page 408 - Government hardly could go on if to some extent values incident to property could not be diminished without paying for every such change in the general law. As long recognized, some values are enjoyed under an implied limitation and must yield to the police power.
Page 22 - I would like to submit it for the record. The CHAIRMAN. Without objection, so ordered. [The information referred to can be found in the appendix.] Ms.