A bill to establish the Insurance Availability Crisis Commission of 1986.

Establishes the Insurance Availability Crisis Commission of 1986 to: (1) coordinate the intergovernmental examination of the tort law system and its relationship with insurance availability and cost; (2) bring representatives of industry, government, and consumers together to perform an examination of the issue of insurance availability; (3) make recommendations for reform of the tort system and insurance industry practices; and (4) raise funds to cover the costs of the Commission's activities. Directs the Commission to report its findings and recommendations to the President, the Congress, and the executive officer of each State. Provides for the Commission's termination upon the transmission of such report. Authorizes appropriations.