Congress 107 - HR 3339 - Small Business Insurance Data Disclosure Act

Sponsor

Cosponsors

Topics

Administrative procedure Business insurance Business records Casualty insurance Civil actions and liability Civil Rights and Liberties, Minority Issues Commerce Congress Congressional reporting requirements Crime and Law Enforcement Discrimination in insurance Finance and Financial Sector Fines (Penalties) Government Operations and Politics Government paperwork Government publicity Injunctions Insurance agents Insurance companies Insurance premiums International Affairs Law Liability (Law) Local laws Minorities Minority business enterprises Property insurance Small business Small Business Administration State laws Statistical services Statistics Surveys Terrorism Women Women in business

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Summary

Small Business Insurance Data Disclosure Act - Directs the Administrator of the Small Business Administration to establish requirements for insurers to compile and submit information to the Administrator for each annual reporting period, as required in this Act. Requires such information to include the analysis and comparison of the availability and affordability of insurance coverage and the quality and type of coverage for small businesses, including small businesses located in low- and moderate-income neighborhoods and minority- and women-owned small businesses. Directs the Administrator to provide for the waiver of such reporting requirements for each insurer within a State which requires insurers to submit a level of information at least equivalent to that required herein and which provides for adequate enforcement of such requirements.

Requires: (1) each insurer to maintain submitted information for at least three years after each reporting period; (2) all submitted information to be made available to the public; (3) the Administrator to designate appropriate lines of insurance and coverage types for small businesses; and (4) the Administrator to survey a representative sample of small business owners regarding their experience in applying for, obtaining, and being refused small business insurance.

Provides civil penalties against insurers violating the requirements of this Act.

Actions

Nov 30, 2001

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Nov 19, 2001

Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, 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.
Nov 19, 2001

Sponsor introductory remarks on measure. (CR E2128)
Nov 19, 2001

Introduced in House

Amendments

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