II 111th CONGRESS 2d Session S. 3685 IN THE SENATE OF THE UNITED STATES August 2, 2010 Mr. Pryor (for himself, Mrs. Boxer, and Mr. Rockefeller) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To provide the Federal Trade Commission with oversight authority over insurance issuers.

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Short title

This Act may be cited as the Insurance Competition and Transparency Act of 2010.

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Federal Trade Commission oversight over insurance issuers

Section 6 of the Federal Trade Commission Act (15 U.S.C. 46) is amended in the undesignated matter following subsection (l), by striking Nothing and all that follows through was made. and inserting the following: Notwithstanding the Act of March 9, 1945 (15 U.S.C. 1011 et seq.) and the definition of corporation in section 4, the Commission may use the authority described in this section to conduct studies, prepare reports, and disclose information relating to insurance, without regard to whether the subject of the study, report, or the information is for-profit or not-for-profit. Subject to the Act of March 9, 1945 (15 U.S.C. 1011 et seq.) and notwithstanding the definition of corporation in section 4, the provisions of this Act shall apply to an insurer without regard to whether such insurer is for-profit or not-for-profit. For purposes of this paragraph, an employer or membership organization not organized for its own profit or that of its members that provides health care or medical malpractice benefits only to its employees or members shall not be deemed to be a health insurer or a medical malpractice insurer, provided that this exclusion shall not apply to a separate entity that issues insurance or to an organization whose sole or primary membership benefit is insurance. .