Guam § 103101 - Establishment.
Full text of Guam Guam Code Annotated § 103101 — Establishment., with citation guidance and answers to common questions.
§ 103101. Establishment.
There is, within the Division of Insurance, Securities and
Banking of the Department of Revenue and Taxation, an Office
of the Commissioner of Banking and Insurance that shall be
charged with supervising banking and insurance activities in
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Guam as provided in this Title, and in other legislation
conferring jurisdiction upon the office.
(a) For the purposes of this Chapter and unless
otherwise specified, all references to banks and banking
shall include, where applicable, banks, savings and loans,
finance companies, mortgage brokers, credit unions,
pawnshops, check cashing companies, foreign exchange
companies and the like, including any entities that make
loans, accept deposits, sell notes, corporate paper,
debentures or similar instruments, transmit funds, own or
operate automated teller machines (>ATMs=) services, also
known as >customer/bank communication terminals=
(>CBCTs=), >electronic terminal devices=, >cash dispensing
machines= and >cash machines=, or otherwise engage in any
banking related activity.
(b) For the purposes of this Chapter and unless
otherwise specified, insurance organizations subject to
regulation include carriers, general agents, subagents,
solicitors, brokers and claims adjusters.
Frequently Asked Questions About Guam § 103101
What does Guam Code Annotated § 103101 cover?
Section 103101 ("Establishment.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 103101?
A common citation format is "Guam Code Annotated § 103101" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 103101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.