3.0.0 1880 2023-01-11T13:19:36Z 2023-01-11T13:19:36Z House H HR 2009-04-02 111 hsif00 Energy and Commerce Committee House Standing hsif14 Health Subcommittee Referred to 2009-04-21T18:42:48Z Referred to 2009-04-02T13:08:45Z hsju00 Judiciary Committee House Standing Referred to 2009-04-02T13:08:44Z hsba00 Financial Services Committee House Standing Referred to 2009-04-02T13:08:43Z 2009-04-21 hsif14 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2009-04-02 Referred to House Energy and Commerce IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2009-04-02 Referred to House Judiciary IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2009-04-02 Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2009-04-02 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-04-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-04-02 Introduced in House IntroReferral 1000 9 Library of Congress B001253 Rep. Bean, Melissa L. [D-IL-8] Melissa Bean D IL L. 8 N R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 2009-04-02 True H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2009-05-21 False C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2009-06-17 False H001044 Rep. Halvorson, Deborah L. [D-IL-11] Deborah Halvorson D IL L. 11 2009-06-17 False C001063 Rep. Cuellar, Henry [D-TX-28] Henry Cuellar D TX 28 2009-06-19 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2009-06-26 False M001175 Rep. Minnick, Walter [D-ID-1] Walter Minnick D ID 1 2009-06-26 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2009-09-16 False 2009-12-03 D000399 Rep. Doggett, Lloyd [D-TX-25] LLOYD DOGGETT D TX 25 2009-10-28 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2009-12-02 False Finance and Financial Sector Administrative law and regulatory procedures Administrative remedies Advisory bodies Banking and financial institutions regulation Bankruptcy Business investment and capital Business records Competition and antitrust Congressional oversight Consumer affairs Corporate finance and management Criminal investigation, prosecution, interrogation Department of the Treasury Executive agency funding and structure Federal preemption Financial crises and stabilization Fraud offenses and financial crimes Government corporations and government-sponsored enterprises Government information and archives Government studies and investigations Health care costs and insurance Insurance industry and regulation International monetary system and foreign exchange International organizations and cooperation Judicial review and appeals Licensing and registrations Life, casualty, property insurance Organized crime State and local government operations State and local taxation Trade agreements and negotiations User charges and fees Finance and Financial Sector 00 2009-04-02 Introduced in House 2009-06-29T20:45:02Z National Insurance Consumer Protection Act - Establishes in the Department of the Treasury the Office of National Insurance (Office), headed by a Commissioner, with regulatory oversight over national insurers and national insurance agencies.

Directs the Commissioner to license, regulate, and supervise national insurance producers.

Requires the Commissioner to establish: (1) a Division of Consumer Affairs; (2) a Division of Insurance Fraud; and (3) an Office of the Ombudsman.

Authorizes the Commissioner to provide for the registration of insurance self-regulatory organizations and to supervise and regulate them.

Requires the Commissioner to: (1) issue regulations on prudential supervision; (2) require national insurers and national insurance agencies to comply with federal anti-money laundering requirements; (3) promulgate regulations for prompt corrective action for any hazardous financial condition of a national insurer; (4) issue charters for national insurers and national agencies; (5) promulgate financial, policy, and market conduct standards; and (6) establish standards for a national insurance holding company.

Authorizes the Commissioner to: (1) examine national insurers or national insurance agencies; (2) impose fees upon national insurers, national insurance agencies, and national insurance producers; (3) revoke the charter of a national insurer or national insurance agency for specified cause, (4) implement enforcement powers, including cooperation with foreign governments; (5) secure bilateral and multilateral agreements with foreign insurance regulators and regional and global regulatory organizations; and (6) license individual persons as a national insurance producer.

Establishes criminal penalties for insurance fraud by national insurers, national insurance agencies, national insurance producers, and other persons.

Directs the President to designate a systemic risk regulator for a national insurer and any insurance company subject to state supervision.

Establishes: (1) the Coordinating National Council for Financial Regulators; and (2) the National Insurance Guaranty Corporation.

Prescribes procedures for conservatorship, receivership, benefits and claims payments, and assessments on national insurers.

Exempts insurers, national insurance agencies, and national insurance producers from state supervision relating to the sale, solicitation, negotiation, or underwriting of insurance, or to any other insurance operations.

]]> National Insurance Consumer Protection Act Display Title National Insurance Consumer Protection Act Official Title as Introduced To establish a system of regulation and supervision for insurers, insurance agencies, and insurance producers chartered or licensed under Federal law that ensures the stability and financial integrity of those insurers, agencies, and producers and that protects policyholders and other consumers served by such insurers, agencies, or producers. Introduced in House IH Short Titles as Introduced National Insurance Consumer Protection Act Introduced in House 2009-04-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr1880ih/xml/BILLS-111hr1880ih.xml 2009-04-21 Referred to the Subcommittee on Health. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.