HR 1429 · 106th Congress · Finance and Financial Sector
Anti-Redlining Insurance Disclosure Act of 1999
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-04-30)
Plain Language Summary
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Anti-Redlining Insurance Disclosure Act of 1999 - Requires designated insurers to annually submit to the Secretary of Housing and Urban Development and make available to the public with respect to types of insurance in designated metropolitan statistical areas (MSA) information concerning: (1) total numbers of policies, exposure units, and premiums; (2) property claims by type; (3) underwriting standards; and (4) licensed agents. Requires nondesignated insurers to submit to the Secretary their annual total exposure units (in car and house years) of policies in a designated line sold in their MSA. Exempts insurers in States with substantially similar disclosure provisions from such requirements. Directs the Secretary to: (1) provide for specification of collected data; and (2) implement a public access system to such insurance information. (Sec. 4) Directs the Secretary to designate: (1) MSAs for which reporting is required; and (2) insurers. Sets forth the following insurance lines requiring reporting: (1) automobile insurance; (2) homeowners insurance; (3) dwelling fire insurance; (4) small business insurance; and (5) surety bonds. (Authorizes the Secretary to designate additional…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
20 Democrats