The Export-Import Bank Act Amendments of 1986 (Public Law 99-472) requires GAO to report to the Congress on the government's role in providing export credit insurance and the delivery of those services through its agent, the Foreign Credit Insurance Association. The Export-Import Bank is a U.S. government agency and facilities U.S. exports by making loans, guaranteeing private loans, and providing export credit insurance. Export credit insurance protects policyholders against risks that foreign buyers may not pay for the exports. The Foreign Credit Insurance Association is a private association of insurance firms, formed in 1961, to act as an agent of the Export-Import Bank in providing insurance services.
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