Guam § 103120 - Creation of the Banking and Insurance
Full text of Guam Guam Code Annotated § 103120 — Creation of the Banking and Insurance, with citation guidance and answers to common questions.
§ 103120. Creation of the Banking and Insurance
Enforcement Fund.
There is hereby established, separate and apart from other
funds of the government of Guam, a special fund known as the
‘Banking and Insurance Enforcement Fund’ (hereinafter the
'Fund'). The Fund shall not be commingled with the General
Fund or any other fund of the government of Guam. The Fund
shall be held in an account or accounts at a Guam financial
institution or institutions separate and apart from all other
accounts and funds of the government of Guam. The Fund shall
not be subject to I Maga’låhen Guåhan’s transfer authority. The
Fund shall be used for enforcement within the purview of the
Office of Commissioner of Banking and Insurance, and the
Banking and Insurance Board, subject to appropriations.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 103120
What does Guam Code Annotated § 103120 cover?
Section 103120 ("Creation of the Banking and Insurance") 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 § 103120?
A common citation format is "Guam Code Annotated § 103120" (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 § 103120 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.