425 research outputs found

    Insurance-State Regulation-Surplus Line Insurance

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    Plaintiff, a New York corporation doing business in Texas, purchased insurance covering risks located in Texas from insurers not licensed to do business in that state. The entire insurance transaction was consummated outside Texas, and any adjustment for losses was to be made outside the state. Pursuant to a Texas statute, plaintiff was taxed an amount equal to five percent of its gross premiums. Plaintiff instituted the present suit in a state court in Texas to recover the tax, which had been paid under protest. The trial court\u27s decision for plaintiff was affirmed by the court of civil appeals, and the Supreme Court of Texas denied an application for writ of error. On certiorari to the United States Supreme Court, held, affirmed, one Justice dissenting. Congress, in passing the McCarran Act, explicitly incorporated the limitations of prior Supreme Court decisions which had held that a state does not have the power to tax insurance contracts entered into outside its jurisdiction, even though such contracts covered risks located within the state, and thus a de novo consideration of such decisions is inappropriate. State Bd. of Ins. v. Todd Shipyards Corp., 370 U.S. 451 (1962)

    Current Problems in Securities Regulation

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    This comment analyzes four areas of central significance to adequate protection for the investor: (1) qualifications of those in the securities industry who deal with the public; (2) dissemination of corporate publicity; (3) dissemination of investment advice; and (4) selling practices in the securities industry. The findings and recommendations of the Special Study are given special attention insofar as they bear upon the problems covered. In certain areas, however, recent developments in court and Commission decisions have brought about changes equally as significant as the findings and recommendations of the Special Study. Thus each section covers the background and recent developments in the designated area, as well as the Special Study itself

    X- and gamma-ray observations of the 15 November 1991 Solar Flare

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    This work expands the current understanding of the 15 November 1991 Solar Flare. The flare was a well observed event in radio to gamma-rays and is the first flare to be extensively studied with the benefit of detailed soft and hard X-ray images. In this work, we add data from all four instruments on the Compton Gamma Ray Observatory. Using these data we determined that the accelerated electron spectrum above 170 keV is best fit with a power law with a spectral index of −4.6, while the accelerated proton spectrum above 0.6 MeV is fit with a power law of spectral index −4.5. From this we computed lower limits for the energy content of these particles of∼1023 ergs (electrons) and ∼1027 ergs (ions above 0.6 MeV). These particles do not have enough energy to produce the white-light emission observed from this event. We computed a time constant of 26+20−15 s for the 2.223 MeV neutron capture line, which is consistent at the 2σ level with the lowest values of ∼70 s found for other flares. The mechanism for this short capture time may be better understood after analyses of high energy EGRET data that show potential evidence for pion emission near ∼100 MeV

    COMPTEL gamma ray and neutron measurements of solar flares

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    COMPTEL on the Compton Gamma Ray Observatory has measured the flux of x‐rays and neutrons from several solar flares. These data have also been used to image the Sun in both forms of radiation. Unusually intense flares occurred during June 1991 yielding data sets that offer some new insight into of how energetic protons and electrons are accelerated and behave in the solar environment. We summarize here some of the essential features in the solar flare data as obtained by COMPTEL during June 1991

    Neutron and gamma‐ray measurements of the solar flare of 1991 June 9

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    The COMPTEL Imaging Compton Telescope on‐board the Compton Gamma Ray Observatory measured significant neutron and γ‐ray fluxes from the solar flare of 9 June 1991. The γ‐ray flux had an integrated intensity (≳1 MeV) of ∼30 cm−2, extending in time from 0136 UT to 0143 UT, while the time of energetic neutron emission extended approximately 10 minutes longer, indicating either extended proton acceleration to high energies or trapping and precipitation of energetic protons. The production of neutrons without accompanying γ‐rays in the proper proportion indicates a significant hardening of the precipitating proton spectrum through either the trapping or extended acceleration process

    COMPTEL images locations of gamma‐ray bursts

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    The γ‐ray telescope COMPTEL onboard GRO has so far located 6 gamma‐ray bursts which occurred in its ∼1 sr field of view. The positions of the sources were derived by the maximum‐entropy method. Systematic and statistical uncertainties for the four strongest bursts are approximately 1° to 2° and can be reduced in future analysis

    COMPTEL observations of cosmic gamma‐ray bursts

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    The imaging γ‐ray telescope COMPTEL on board NASA’s Compton Gamma‐Ray Observatory (GRO) has observed many cosmic gamma‐ray bursts during the early mission phase of GRO. COMPTEL records time‐resolved burst spectra over 0.1 MeV to 10 MeV energies, and, for the first time, produces direct single‐telescope gamma‐ray images (0.8–30 MeV) of cosmic gamma‐ray bursts occurring in its 1 sr field of field

    New Rotation Periods in the Open Cluster NGC 1039 (M 34), and a Derivation of its Gyrochronology Age

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    Employing photometric rotation periods for solar-type stars in NGC 1039 [M 34], a young, nearby open cluster, we use its mass-dependent rotation period distribution to derive the cluster's age in a distance independent way, i.e., the so-called gyrochronology method. We present an analysis of 55 new rotation periods,using light curves derived from differential photometry, for solar type stars in M 34. We also exploit the results of a recently-completed, standardized, homogeneous BVIc CCD survey of the cluster in order to establish photometric cluster membership and assign B-V colours to each photometric variable. We describe a methodology for establishing the gyrochronology age for an ensemble of solar-type stars. Empirical relations between rotation period, photometric colour and stellar age (gyrochronology) are used to determine the age of M 34. Based on its position in a colour-period diagram, each M 34 member is designated as being either a solid-body rotator (interface or I-star), a differentially rotating star (convective or C-star) or an object which is in some transitory state in between the two (gap or g-star). Fitting the period and photometric colour of each I-sequence star in the cluster, we derive the cluster's mean gyrochronology age. 47/55 of the photometric variables lie along the loci of the cluster main sequence in V/B-V and V/V-I space. We are further able to confirm kinematic membership of the cluster for half of the periodic variables [21/55], employing results from an on-going radial velocity survey of the cluster. For each cluster member identified as an I-sequence object in the colour-period diagram, we derive its individual gyrochronology age, where the mean gyro age of M 34 is found to be 193 +/- 9 Myr, formally consistent (within the errors) with that derived using several distance-dependent, photometric isochrone methods (250 +/- 67 Myr).Comment: accepted for publication in Astronomy & Astrophysic
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