[19990713]RS20098_第106届国会金融服务现代化法案的保险条款.pdf

See CRS Report RS20132, “Insurance Provisions in Financial Services Modernization Bills1in the 106 Congress: Antecedent Supreme Court Decisions.”thCongressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20098Updated July 13, 1999Insurance Provisions of Financial ServicesModernization Bills in the 106 CongressthM. Maureen MurphyLegislative AttorneyAmerican Law DivisionSummaryCurrent financial services modernization proposals would continue state regulationof the insurance business and would generally approve expanded insurance powers forbanks. On May 6, the Senate passed S. 900 (S.Rept. 106-44), a financial modernizationbill with provisions paralleling those of H.R. 10, as introduced, with respect to stateregulation of insurance. On July 1, the House passed H.R. 10 (H.Rept. 106-74, Parts I,II, and III). While the overall treatment of the insurance provisions in the two bills issimilar, there are some differences. Among them are the treatment of sales of titleinsurance, the articulation of the standard for court review of disputes between federaland state regulators, and the extent to which national bank subsidiaries are