H.R.3639 - Life Insurance Fairness for Travelers Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Wasserman Schultz, Debbie [D-FL-20] (Introduced 07/29/2005)|
|Committees:||House - Financial Services|
|Latest Action:||House - 08/24/2005 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3639 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in House (07/29/2005)
Life Insurance Fairness for Travelers Act of 2005 - Amends the Terrorism Risk Insurance Act of 2002 to make it unlawful for any insurer to: (1) deny any person life insurance, or to otherwise discriminate in the issuance, cancellation, amount of coverage, or conditions of life insurance, based upon the person's intent to engage in future lawful foreign travel; and (2) charge rates for life insurance which are excessive or unfairly discriminatory in relation to the actuarial risk associated with future lawful foreign travel of such person.
Provides for administrative enforcement of this Act by either: (1) the chief law enforcement officer of a state, or an official or agency designated by a state; or (2) the Secretary of the Treasury.