Insurance Data Collection Act of 1987

[AI summary unavailable — showing source text] 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.…