Mkt. Conduct Reforms Proposed
New Orleans
Looking to make market conduct exams more efficient, insurance and regulatory officials proposed a number of possible reforms at a hearing last week.
During the hearing at the summer meeting of the National Association of Insurance Commissioners here, regulators in Missouri and Pennsylvania offered their respective analytical and public policy approaches to how market conduct examinations are conducted in their departments.
Brent Kabler, a research supervisor with the Missouri insurance department, outlined an analytical approach that he said could determine with 75 percent accuracy those companies in which a market conduct examination will result in a fine. He said there is "enormous untapped potential to enhance market conduct oversight."
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