legislation: 99-s-2497

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
99-s-2497 99 s 2497 Insurance Trend Forecasting Act of 1986 Commerce 1986-05-21 1986-05-21 Read twice and referred to the Committee on Commerce. Senate Sen. Simon, Paul [D-IL] IL D S000423 1 Insurance Trend Forecasting Act of 1986 - Requires commercial property and casualty insurance companies to report specified information annually to the Secretary of Commerce. Details the reporting requirements, which include data on premiums, claims, legal costs, overhead, reserves, and cancellations. Requires the Secretary to: (1) issue a report summarizing such information by September 30 of each year; and (2) send copies of such report to specified Federal and State officials. States that copies of such report shall be available to the public upon request. Imposes a maximum penalty of $300,000 upon any person who: (1) fails to file such a report as prescribed; or (2) knowingly makes any false statement or omission of fact in such a report. Requires the Secretary to: (1) issue regulations to implement this Act; and (2) require each insurance company reporting under this Act to verify the validity and accuracy of its report by an accredited independent actuary. 2025-08-29T16:31:20Z  

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