Skip to main content
HR 4877 99th Congress House

Insurance Information Act of 1986

Official title: A bill to provide for the collection of independently verified data regarding certain insurance matters, to make such data available to certain State and Feder… Show full official titleShow less

Official title: A bill to provide for the collection of independently verified data regarding certain insurance matters, to make such data available to certain State and Federal officials for use in making policy decisions and determinations with respect to the insurance industry, and for other purposes.

Introduced: May 21, 1986 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Commerce Business and commerceBusiness recordsFines (Penalties)Government paperwork
More subjectsShow fewer subjects
Government records, documents, and informationInsuranceInsurance companies
Sign in to write a letter Sign in to watch
This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 5, 1986
Referred to Subcommittee on Commerce, Transportation and Tourism.
May 21, 1986
Referred to House Committee on Energy and Commerce.
May 21, 1986
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 5, 1986

Referred to Subcommittee on Commerce, Transportation and Tourism.

 Plain-English summary Congressional Research Service

Insurance Information Act of 1986 - Requires commercial insurance companies to report specified information annually to the Secretary of Commerce. Details the reporting requirements, which include data on premiums, claims, legal costs, economic losses, investment income, 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 (to be made available to the general public upon request).

Establishes a maximum penalty of $100,000, or five years imprisonment, or both, for any person who: (1) fails to file such report as prescribed; or (2) knowingly makes any false statement or omission of fact in such report.

Requires the Secretary to: (1) issue regulations to implement this Act; (2) issue a list of standard classes of business and of standard units of exposure for which any commercial insurance company must report data; and (3) issue a reporting form to be used by commercial insurance companies to carry out the purpose of this Act.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4877: Insurance Information Act of 1986. 99th Congress. Open America. https://openamerica.io/bill/99-HR-4877/
MLA
"H.R. 4877: Insurance Information Act of 1986." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-4877/.
Bluebook (legal)
H.R. 4877, 99th Cong. (2026), https://openamerica.io/bill/99-HR-4877/.
Markdown link
[H.R. 4877: Insurance Information Act of 1986](https://openamerica.io/bill/99-HR-4877/)
Report a problem