h 28 50050 1208232000 false 1215576000 1 5792 868 110 400282

4/15/2008--Introduced.<br/>Increasing Insurance Coverage Options for Consumers Act of 2008 - Amends the Liability Risk Retention Act of 1986 to cover risk retention groups offering commercial property insurance. Applies the exemption of purchasing groups from state law to commercial property insurance. Terminates the inclusion in risk retention groups under the Act of any such group chartered, licensed, or authorized under the laws of Bermuda or the Cayman Islands. Prescribes general corporate governance standards for such groups, together with license or charter criteria regarding state examination authority and minimum requirements for safety and soundness. Prohibits a risk retention group from participating in an insurance insolvency guaranty association that includes participants other than risk retention groups. Revises procedures for: (1) submitting financial documents to state insurance commissioners; and (2) mandatory disclosures.<br/>Imposes a fiduciary duty upon the board of directors of a risk retention group to operate in the best interests of the group.<br/>Prohibits a state from issuing a cease-and-desist order to any risk retention group or purchasing group that is not chartered or licensed in such state, or otherwise attempt to regulate such group, except as specifically permitted under this Act.<br/>Redesignates the Liability Risk Retention Act as the Risk Retention Act.<br/>

1215576000 2008-07-09 Fri Nov 07 05:57:28 -0600 2008 introduced 50050 'act':7 '1986':9 'risk':5 'amend':2 'avail':15 'insur':12 'consum':18 'liabil':4 'retent':6 'coverag':16 'increas':11 'competit':13 58303 false official introduced 50050 'act':7 '2008':9 'insur':2 'consum':6 'option':4 'coverag':3 'increas':1 59225 false short action 50050 1215576000 Wed Jul 09 00:00:00 -0500 2008 169220 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. M001140 1945-11-08 3209 1727 Longworth House Office Building http://www.moore.house.gov/contact/index.shtml 3 202-225-2807 Dennis 'd':4 '-3':6 'ks':5 'rep':1 'moor':3,8,10 'denni':2,7,9 M 400282 Moore Dennis_Moore Rep. Dennis Moore [D, KS-3] 1411 N00005233 7266 Democrat 202-225-2865 Protestant KS Dennis Moore 2.83333333333333 http://www.moore.house.gov/ RepMoore C001064 1955-07-19 4589 1728 Longworth House Office Building http://campbell.house.gov/Contact/ContactForm.htm 48 202-225-9177 John 'r':4 'ca':5 '-48':6 'rep':1 'john':2,7,9 'campbel':3,8,10 M 412011 Campbell John_Campbell Bayard Taylor Rep. John Campbell [R, CA-48] 1393 N00027565 6827 Republican 202-225-5611 CA John Campbell 4.22222222222222 http://campbell.house.gov/html/contact_form_email.cfm RepJohnCampbellCA48 K000366 1957-07-10 3514 313 Cannon House Office Building http://klein.house.gov/content/contact/ 22 202-225-8398 Ron 'd':4 'fl':5 '-22':6 'rep':1 'ron':2,7,9 'klein':3,8,10 M 412198 Klein Ron_Klein Rep. Ron Klein [D, FL-22] 1711 N00027515 7330 Democrat 202-225-3026 FL Ron Klein http://www.flsenate.gov/Legislators/index.cfm?Members=View+Page&LastName=Klein&District_Num_Link=030&Title=%2D%3ESenate%2D%3EKlein%2C%20Ron&Submenu=1& RonKlein2008 P000555 1951-07-29 1285 Deborah 'pryce':2,4,6 'deborah':1,3,5 F 400327 Pryce Deborah_Pryce D. Deborah Pryce 541 N00003504 4552 Republican Presbyterian Deborah Pryce action 50050 1215576000 Wed Jul 09 00:00:00 -0500 2008 169220 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. action 50050 1215576000 Wed Jul 09 00:00:00 -0500 2008 169221 Subcommittee Consideration and Mark-up Session Held. action 50050 1215576000 Wed Jul 09 00:00:00 -0500 2008 169222 Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . introduced 50050 1208232000 Tue Apr 15 00:00:00 -0500 2008 150047 action 50050 1208232000 Tue Apr 15 00:00:00 -0500 2008 150048 Referred to the House Committee on Financial Services.