Page:United States Statutes at Large Volume 82.djvu/607

 82

STAT.J

PUBLIC

LAW 90-448-AUG. 1, 1968

" (d) A n annual business-type budget for the fund shall be prepared, transmitted to the Congress, considered, and enacted in the manner prescribed by law (sections 102, 103, and 104 of the Government Corporation Control Act (31 U.S.C. 847-849)) for wholly-owned Government corporations.

565

59 Stat. 597; 61 Stat. 584.

"RECORDS, A N N U A L STATEMENT, A N D AUDITS

"SEC. 1234. (a) Any insurer or pool acquiring reinsurance under this title shall furnish ithe Secretary with such summaries and analyses of information in its records as may be necessary to carry out the purposes of this title, in such form as the Secretary, in cooperation with the State insurance authority, shall, by rules and regulations, prescribe. The Secretary shall make use of State insurance authority examination reports and facilities to the maximum extent feasible. " (b) Any insurer or pool acquiring reinsurance under this title shall file with the Secretary a true and correct copy of any annual statement, or amendment thereof, filed with the State insurance authority of its domiciliary State, at the time it files such statement or amendment with such State insurance authority. " (c) Any insurer or other person executing any contract, agreement. Recordkeeping requirements. or other appropriate arrangement with the Secretary under section """"'"""""" ° 1222 or section 1232 shall keep reasonable records which fully disclose the total costs of the programs undertaken or the services being rendered, and such other records as will facilitate an effective audit of liability for reinsurance payments by the Secretary. Ac e s " (d) The Secretary and the Comptroller General of the United ords, ce tsc. to recStates, or any of their duly authorized representatives, shall have access for the purpose of investigation, audit, and examination to any books, documents, papers, and records of any insurer or other person that are pertinent to the costs of any program undertaken for, or services rendered to, the Secretary. Such audits shall be conducted to the maximum extent feasible in cooperation with the State insurance authorities and through the use of their examining facilities. "STUDY OF REINSURANCE AND OTHER PROGRAMS

"SEC. 1235. (a) The Secretary is authorized and directed to conduct a study of reinsurance and other means to help assure— " (1) an adequate market for burglary and theft and other property insurance in urban areas; and "(2) adequate availability of surety bonds for construction contractors in urban areas. "(b) The Secretary shall submit the results of this study, together with appropriate recommendations, to the President and Congress no later than one year following the date of the enactment of this title. UOTHER STUDIES

"SEC. 1236, (a) The Secretary is authorized to undertake such studies as may be necessary to carry out the purposes of this title including, but not limited to, inquiries concerning— " (1) the operation of plans under part A; " (2) the extent to which essential property insurance is unavailable in urban areas; " (3) the market for private reinsurance; and "(4) loss prevention methods and procedures, insurance marketing methods, and underwriting techniques. " (b) To such extent and under such circumstances as may be practicable and feasible, the Secretary shall conduct any study authorized

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