National-PC-VII Federal Regulation medium
Under Dodd-Frank §313(o), 31 USC §313(o), the Federal Insurance Office (FIO) Director is required to submit which of the following to Congress on an annual basis? A A binding annual rate-setting order applicable to all property-and-casualty insurers operating nationwide, preempting state-filed rates for every line of business in the coming policy year. B An annual report on the insurance industry and any other relevant information, including assessments of systemic risk, regulatory gaps, and access to affordable products. C A binding directive overriding state insurance commissioners on solvency and risk-based-capital standards for every nationally significant insurer doing interstate business. D A federal license-issuance schedule for every newly admitted insurer, replacing the long-standing state certificate-of-authority process across all interstate insurance lines.
