[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 100 Introduced in House (IH)]







104th CONGRESS
  1st Session
H. J. RES. 100

  To encourage States to study and adopt interstate compacts for the 
                  regulation of interstate insurance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 1995

   Mr. Moorhead introduced the following joint resolution; which was 
  referred to the Committee on the Judiciary, and in addition to the 
 Committee on 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

_______________________________________________________________________

                            JOINT RESOLUTION


 
  To encourage States to study and adopt interstate compacts for the 
                  regulation of interstate insurance.
Whereas Article I of the Constitution of the United States authorizes 
        cooperation among the States through the use of interstate compacts;
Whereas the McCarran-Ferguson Act recognizes that the regulation by the several 
        States of the business of insurance is in the public interest;
Whereas there are more than 140 interstate compacts in effect today that have 
        proven to be effective and efficient mechanisms for the States to 
        strengthen and coordinate their regulatory responsibilities, 
        particularly as they affect complicated and comprehensive multistate 
        issues;
Whereas it is in the best interests of the people of the United States for the 
        regulatory capability of those States to be enhanced; and
Whereas the business of insurance is increasingly a multistate and international 
        business: Now, therefore, be it
    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled,
SECTION 1. INSURANCE COMPACTS.

    The Congress acknowledges the benefits of interstate compacts to 
address multistate problems. To the extent that they are not already 
empowered to do so, the States are encouraged and authorized to study 
and to adopt, where appropriate, interstate insurance regulatory 
compacts to address regulatory issues, including the regulation of 
alien (non-United States) insurers and reinsurers, insurer solvency, 
rehabilitation and liquidation, guaranty fund protection, and insurance 
agent licensing.
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