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Title V Overview: Insurance

American Bankers Association Contacts

Kevin McKechnie (202) 663-5172

Dechert LLP Authors


Ruth S. Epstein  (202) 261-3322
Jeffrey S. Puretz  (202) 261-3358


Title V creates the Federal Insurance Office ("Office"), a new Federal office charged with studying the insurance industry and reporting to Congress on recommendations concerning Federal regulation of insurance. Title V authorizes the Treasury Secretary and the United States Trade Representative ("Trade Representative") to negotiate international insurance agreements and implements reforms in state regulation of certain commercial insurance markets that modernize and bring uniformity to regulation in this area. Title V sets the stage for the Federal government to potentially play an increasingly significant role in the supervision of the insurance industry.


Within 18 months, the Office must undertake a study on how to modernize and improve insurance regulation in the United States and report to Congress on its findings and recommendations. The Congressional mandate includes an examination of potential Federal regulation of insurance.



The Treasury Secretary has general rulemaking authority to implement the Federal Insurance Office Act. The Office has access to personnel and other resources of the Treasury available to the Treasury Secretary.


The following links provide expanded analysis within this section: