Guam § 4405 - Exemption From Regulations.
Full text of Guam Guam Code Annotated § 4405 — Exemption From Regulations., with citation guidance and answers to common questions.
§ 4405. Exemption From Regulations.
GHMIC shall be exempt from all laws and regulations
which give the Director of Revenue and Taxation, as the
Commissioner of Banking and Insurance, control over the
private insurance industry. Private mortgage insurers who
reinsure policies underwritten by GHMIC shall also be exempt
from regulation by the Commissioner of Banking and Insurance;
provided, that such insurers are regulated by one or more
regulatory bodies in any state of the United States.
2011 NOTE: Reference to the “Insurance Commissioner” changed to
the “Commissioner of Banking and Insurance” pursuant to P.L. 27-
088:10 (May 6, 2004).
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ARTICLE 5
REQUIREMENTS AND REGULATIONS
Frequently Asked Questions About Guam § 4405
What does Guam Code Annotated § 4405 cover?
Section 4405 ("Exemption From Regulations.") 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 § 4405?
A common citation format is "Guam Code Annotated § 4405" (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 § 4405 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.