the extent to which the States have met the requirement 
of subsection (a) and report such study to the Committee 
on Financial Services of the House of Representatives and 
the Committee on Banking, Housing, and Urban Affairs 
of the Senate. 
SEC. 8. REQUIRED DISCLOSURES REGARDING LIFE INSUR-
ANCE. 
(a) REQUIREMENT.—Except as provided in sub-
section (d), no insurer or producer may sell or solicit, in 
person, any life insurance product to any member of the 
Armed Forces on a military installation of the United 
States unless a disclosure in accordance with this section 
is provided to such member before the sale of such insur-
ance. 
(b) DISCLOSURE.—A disclosure in accordance with 
this section is a written disclosure that—
(1) states that subsidized life insurance may be 
available to the member of the Armed Forces from 
the Federal Government; 
(2) states that the United States Government 
has in no way sanctioned, recommended, or encour-
aged the sale of the product being offered; 
(3) is made in plain and readily understandable 
language and in a type font at least as large as the 
font used for the majority of the policy; and
(4) with respect to a sale or solicitation on Fed-
eral land or facilities located outside of the United 
States by an individual or entity engaged in the 
business of insurance, except to the extent otherwise 
specifically provided by the laws of such State in ref-
erence to this Act, lists the address and phone num-
ber where consumer complaints are received by the 
State insurance commissioner for the State in which 
the individual has been issued a resident license or 
the entity is domiciled, as applicable. 
(c) ENFORCEMENT.—If it is determined by a State 
or Federal agency, or in a final court proceeding, that any 
individual or entity has intentionally failed to provide a 
disclosure required by this section, such individual or enti-
ty shall be prohibited from further engaging in the busi-
ness of insurance with respect to employees of the Federal 
Government on Federal land, except—
(1) with respect to existing policies; and 
(2) to the extent required by the Federal Gov-
ernment pursuant to previous commitments. 
(d) EXCEPTIONS.—
(1) FEDERAL AND STATE INSURANCE ACTIV-
ITY.—This section shall not apply to insurance ac-
tivities—
(A) specifically contracted by or through 
the Federal Government or any State govern-
ment; or 
(B) specifically exempted from the applica-
bility of this Act by a Federal or State law, reg-
ulation, or order that specifically refers to this 
paragraph. 
(2) UNIFORM STATE STANDARDS.—If a major-
ity of the States have adopted, in materially iden-
tical form, a standard setting forth the disclosures 
required under this section that apply to insurance 
solicitations and sales to military personnel on mili-
tary installations of the United States, after the ex-
piration of the 2-year period beginning on such ma-
jority adoption, such standard shall apply in lieu of 
the requirements of this section to all insurance so-
licitations and sales to military personnel on military 
installations, with respect to such States, to the ex-
tent that such standards do not directly conflict with 
any applicable authorized Federal regulation or di-
rective. 
(3) MATERIALLY IDENTICAL FORM.—For pur-
poses of this subsection, standards adopted by more 
than one State shall be considered to have materially 
identical form to the extent that such standards re-
quire or prohibit identical conduct with respect to 
the same activity, notwithstanding that the stand-
ards may differ with respect to conduct required or 
prohibited with respect to other activities. 
SEC. 9. IMPROVING LIFE INSURANCE PRODUCT STAND-
ARDS. 
(a) IN GENERAL.—It is the sense of the Congress 
that the NAIC should, after consultation with the Sec-
retary of Defense and within 12 months after the date 
of the enactment of this Act, conduct a study and submit 
a report to the Committee on Financial Services of the 
House of Representatives and the Committee on Banking, 
Housing, and Urban Affairs of the Senate on ways of im-
proving the quality of and sale of life insurance products 
sold by insurers and producers on military installations 
of the United States, which may include limiting sales au-
thority to companies and producers that are certified as 
meeting appropriate best practices procedures or creating 
standards for products specifically designed for members 
of the Armed Forces regardless of the sales location. 
(b) CONDITIONAL GAO REPORT.—If the NAIC does 
not submit the report to the committees as described in 
subsection (a), the Comptroller General of the United 
States shall study any proposals that have been made to 
improve the quality and sale of life insurance products sold