PRINTER'S NO. 3878
No. 738 Session of 2004
INTRODUCED BY MUNDY, BEBKO-JONES, BELFANTI, DeWEESE, DALEY,
GEORGE, GERGELY, GOODMAN, GRUCELA, HENNESSEY, JAMES, JOSEPHS,
KIRKLAND, KOTIK, MANN, MUSTIO, PALLONE, PISTELLA, ROONEY,
SANTONI, SATHER, SURRA, TANGRETTI, TIGUE AND YOUNGBLOOD,
MAY 24, 2004
REFERRED TO COMMITTEE ON INSURANCE, MAY 24, 2004
A RESOLUTION
1 Urging the Congress of the United States to oppose recently
2 proposed legislation establishing Federal regulation of the
3 insurance industry.
4 WHEREAS, The cost of health insurance continues to escalate,
5 making it difficult for individuals and families to afford
6 adequate coverage and accessibility to quality health care; and
7 WHEREAS, Many states, including the Commonwealth of
8 Pennsylvania, have taken various measures to regulate certain
9 insurance companies by requiring accountability with respect to
10 surplus levels and financial plans; and
11 WHEREAS, Recently, legislation proposed by Ohio Congressman
12 Michael Oxley abolishes state insurance regulation and
13 establishes Federal regulation of the insurance industry; and
14 WHEREAS, This legislation strips states of their power to
15 regulate the insurance industry and removes consumer protection
16 statutes, allowing policyholders to fall victim to unlawful
17 rating practices and higher premiums; therefore be it
1 RESOLVED, That the House of Representatives of the
2 Commonwealth of Pennsylvania urge Congress to oppose legislation
3 establishing Federal regulation of the insurance industry; and
4 be it further
5 RESOLVED, That copies of this resolution be transmitted to
6 the presiding officers of each house of Congress and to each
7 member of Congress from Pennsylvania.
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