Sec. 1403. Requirement that insurance standards reflect United States policy
130 words·~1 min read·
/bill/115/s/488/eah/section-1403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Parties representing the Federal Government in any international regulatory, standard-setting, or supervisory forum or in any negotiations of any international agreements relating to the prudential aspects of insurance shall not agree to, accede to, accept, or establish any proposed agreement or standard if the proposed agreement or standard fails to recognize the United States system of insurance regulation as satisfying such proposals. Paragraph
(1)shall not apply to any forum or negotiations relating to a covered agreement (as such term is defined in section 313(r) of title 31, United States Code). Subparagraph
(E)of section 313(c)(1) of title 31, United States Code, is amended by inserting Federal Government after United States . Nothing in this section shall be construed to prevent participation in negotiations of any proposed agreement or standard.