Insurance regulation in a nutshell


(c)National Insurance Act of 2006



Download 258 Kb.
bet32/39
Sana01.07.2022
Hajmi258 Kb.
#721966
1   ...   28   29   30   31   32   33   34   35   ...   39
Bog'liq
Insur Reg22

(c)National Insurance Act of 2006


Unlike the SMART Act and the Nonadmitted and Reinsurance Reform Act of 2006, which seek to impose uniform state regulatory standards on state insurers on selected matters, the National Insurance Act of 2006 (the “NIA”) was a comprehensive bill that would establish a federal insurance regulator to supervise the activities of federally chartered insurers (“National Insurers”), federally chartered insurance agencies (“National Agencies”) and federally licensed insurance producers. All aspects of regulation would be subject to federal standards – organization, licensing, financial, product and market regulation, reinsurance, corporate transactions, producers and holding company regulation. A National Insurer would be subject to receivership under federal law. Subject to limited exceptions, a National Insurer would not be subject to the application of state laws, including state insurance laws. The effect would create two parallel insurance regulatory systems – an insurer could remain in the state system and not be subject to federal regulation or an insurer could opt into the federal system and not be subject to state regulation. Hence, the legislation has been referred to as an “optional federal charter” (“OFC”) proposal.
The National Insurance Act of 2006 was introduced in the Senate as S. 2509 by Senators John E. Sununu and Tim Johnson on April 5, 2006 and in the House as H.R. 6225 by Representative Edward R. Royce on October 18, 2007.

(d)National Insurance Act of 2007


A new Congress, the 110th Congress, began in 2007. Since both S. 2509 and H.R. 6225 were introduced in the 109th Congress, they did not carry over for consideration in 2007.
The NIA was reintroduced as legislation in the House and the Senate in 2007 – as S. 40 in the Senate on May 24, 2007 (sponsored again by Senators John E. Sununu and Tim Johnson) and H.R. 3200 in the House on July 26, 2007 (this time by Representatives Melissa Bean and Edward R. Royce).

Download 258 Kb.

Do'stlaringiz bilan baham:
1   ...   28   29   30   31   32   33   34   35   ...   39




Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©hozir.org 2024
ma'muriyatiga murojaat qiling

kiriting | ro'yxatdan o'tish
    Bosh sahifa
юртда тантана
Боғда битган
Бугун юртда
Эшитганлар жилманглар
Эшитмадим деманглар
битган бодомлар
Yangiariq tumani
qitish marakazi
Raqamli texnologiyalar
ilishida muhokamadan
tasdiqqa tavsiya
tavsiya etilgan
iqtisodiyot kafedrasi
steiermarkischen landesregierung
asarlaringizni yuboring
o'zingizning asarlaringizni
Iltimos faqat
faqat o'zingizning
steierm rkischen
landesregierung fachabteilung
rkischen landesregierung
hamshira loyihasi
loyihasi mavsum
faolyatining oqibatlari
asosiy adabiyotlar
fakulteti ahborot
ahborot havfsizligi
havfsizligi kafedrasi
fanidan bo’yicha
fakulteti iqtisodiyot
boshqaruv fakulteti
chiqarishda boshqaruv
ishlab chiqarishda
iqtisodiyot fakultet
multiservis tarmoqlari
fanidan asosiy
Uzbek fanidan
mavzulari potok
asosidagi multiservis
'aliyyil a'ziym
billahil 'aliyyil
illaa billahil
quvvata illaa
falah' deganida
Kompyuter savodxonligi
bo’yicha mustaqil
'alal falah'
Hayya 'alal
'alas soloh
Hayya 'alas
mavsum boyicha


yuklab olish