Insurance Disclosure Act

[AI summary unavailable — showing source text] Insurance Disclosure Act - Directs the Secretary of Housing and Urban Development (the Secretary) to establish requirements for insurers to compile and submit information to the Secretary for each annual reporting period concerning the affordability and availability of insurance coverage for: (1) noncommercial insurance; (2) commercial insurance for residential properties and small businesses in urban areas; (3) bid, performance, and payment bonds for small businesses; and (4) insurance in designated rural areas. Authorizes the Secretary to waive such disclosure requirements if the State within which the insurer transacts business has an equivalent disclosure mechanism in place. Directs the Financial Institutions Examination Council to determine the extent to which private mortgage insurers make available to the public and to regulatory agencies the mortgage information required to be reported under the Home Mortgage Disclosure Act of 1975. Provides for contracting out such data collection or submission of such data through statistical agents. Directs the Secretary to set forth specified annual disclosure requirements for loans and investments made by designated insurers in a desig…