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About

 
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Domestic Finance

            Federal Insurance Office

The Federal Insurance Office was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
 
The Office monitors all aspects of the insurance industry, including identifying issues or gaps in the regulation of insurers that could contribute to a systemic crisis in the insurance industry or the United States financial system. The Office coordinates and develops Federal policy on prudential aspects of international insurance matters, including representing the United States in the International Association of Insurance Supervisors. The Office assists the Secretary in negotiating (with the United States Trade Representative) certain international agreements.
 
The Office monitors access to affordable insurance by traditionally underserved communities and consumers, minorities, and low- and moderate-income persons. The Office also assists the Secretary in administering the Terrorism Risk Insurance Program.
 
The Federal Insurance Office is not a regulator or supervisor. Insurance is primarily regulated by the individual States.
Contact information for individual State insurance departments can be found at: http://www.naic.org/documents/members_membershiplist.pdf

Report on Insurance Regulation Modernization

Federal Register Notice

Electronic Comments​

Due to connectivity issues on the regulations.gov website, the comment period has been extended to 11:59 p.m. on Monday, December 19, 2011.

Federal Advisory Committee on Insurance

Mission Statement-

The Federal Advisory Committee on Insurance (“FACI”) is to provide advice and recommendations to the Federal Insurance Office (“FIO”) to assist the Office in carrying out its duties and authorities.

The FIO was established in Subpart A of the Federal Insurance Office Act of 2010 ((31 U.S.C.§ 313, et seq .), Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act, P.L. 111-203, 12 U.S.C. 5301 et seq . (July 21, 2010)). The FIO’s authorities extend to all lines of insurance except health insurance, long-term care insurance (except that which is included with life or annuity insurance components), and crop insurance.

 

The FACI shall provide its advice and recommendations directly to the FIO. The FACI will conduct its work in coordination with the FIO

Resources for FACI:

Comments received which either did not refer to FACI and/or contained references to people who are not members of FACI or FIO are not included here. They may be obtained by submitting a request to FACI@Treasury.gov

Members

Source Documents:
Charter
By-Laws
Dodd Frank

Meetings:

March 2013

November

March

 August

Contact:
James P. Brown
Designated Federal Officer

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Last Updated :4/5/2013 4:38 PM

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