12 U.S.C. § 1749BBB
Section 1749bbb · 1749bbb11 to 1749bbb21. Omitted
Amended 4 times on record
(a) All reinsurance or direct insurance claims for losses under this subchapter shall be submitted by insurers or property owners in accordance with such terms and conditions as may be established by the Director.
(b)(1) Upon disallowance of any claim under color of reinsurance or direct insurance made available under this subchapter, or upon refusal of the claimant to accept the amount allowed upon any such claim, the claimant may institute an action against the Director on such claim in the United States district court for the district in which a major portion (in terms of value) of the claim arose.
(2) Any such action must be begun within one year after the date upon which the claimant received written notice of disallowance or partial disallowance of the claim, and exclusive jurisdiction is hereby conferred upon United States district courts to hear and determine such actions without regard to the amount in controversy.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
1983—Subsecs. (a), (b)(1). Pub. L. 98–181 substituted “Director” for “Secretary”.
1970—Subsec. (a). Pub. L. 91–609, §602(g), provided for direct insurance claims and submission of claims by property owners.
Subsec. (b)(1). Pub. L. 91–609, §602(h), provided for disallowance of claim under color of direct insurance.