A bill to facilitate the availability and affordability of insurance to American manufacturers, businesses, local units of government, and others by providing for the collection and analysis of certain insurance data, and for other purposes.
Insurance Data Collection Act of 1987 - Requires all insurers writing specified categories of liability insurance to submit annual reports to the Secretary of Commerce containing data on premiums, investment income, claims incurred, expenses, and economic losses and gains. Exempts certain small insurance companies from such requirements.
Establishes civil penalties for violations of this Act.
Requires the Secretary to submit annual reports to the President and to State insurance commissioners analyzing the data reported by the insurance companies.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Commerce, Consumer Protection, and Competitiveness.
Subcommittee Hearings Held.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line