WASHINGTON, D.C. – U.S. Rep. Edward Royce (R-Calif.) introduced H.R. 4669, the Servicemembers Insurance Relief Act. This bill would simplify the state-based insurance regulatory system by abolishing the auto insurance change requirement for relocating servicemembers. In December 2013, the U.S. Department of Treasury’s Federal Insurance Office said the problem facing servicemembers stems from a lack of uniformity across the system of insurance regulation. H.R. 4669 is a bipartisan bill that seeks to solve that issue.
    
Royce is a longtime advocate of the federal regulation of the insurance industry and worked hard on insurance reform issues during the Dodd-Frank Act debate.
    
Darrell Amberson, chairman of the Automotive Service Association, said about the bill, “Rep. Royce’s legislation will not only provide much-needed relief for military families, but takes an important step in the modernization of the insurance industry. The Automotive Service Association (ASA) supports H.R. 4669.”