HR 2126

112th CONGRESS
1st Session

H. R. 2126

To modernize the Liability Risk Retention Act of 1986 and expand coverage to include commercial property insurance, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

June 3, 2011

Mr. CAMPBELL (for himself and Mr. WELCH) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To modernize the Liability Risk Retention Act of 1986 and expand coverage to include commercial property insurance, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. OVERSIGHT OF COMPLIANCE WITH PREEMPTION OF STATE LAW UNDER THE LIABILITY RISK RETENTION ACT OF 1986.

`SEC. 8. OVERSIGHT OF COMPLIANCE WITH PREEMPTION OF STATE LAW.

SEC. 3. CORPORATE GOVERNANCE STANDARDS.

`SEC. 9. CORPORATE GOVERNANCE STANDARDS.

SEC. 4. COMMERCIAL PROPERTY INSURANCE.

SEC. 5. FINANCIAL STATEMENTS; DISCLOSURE REQUIREMENTS; FIDUCIARY DUTY; AND UNDERSCORING THE EXEMPTION.

SEC. 6. AMENDMENT TO SHORT TITLE.

SEC. 7. EFFECTIVE DATE.

END