NAIC Enhances Outreach To Feds
The U.S. House Financial Services Committee and the National Association of Insurance Commissioners share a joint desire to preserve state regulation of insurance, New York Insurance Superintendent Greg Serio contends.
In an interview with National Underwriter, Mr. Serio said that while he expects the committee to consider legislation on improving insurance regulation, the bill will likely focus on using federal tools to encourage states to enact reforms, rather than creating a federal regulatory presence.
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