Treasury and Insurance Regulators Start Dialogue
By Jim Connolly
NU Online News Service, March 29, 12:32 p.m. EST?State insurance regulators and the Treasury Department have started a dialogue over tax issues that impact the insurance industry.[@@]
Georgia Insurance Commissioner John Oxendine said talks were held Feb. 28, prior to the spring meeting of the National Association of Insurance Commissioners, Kansas City, Mo. Mr. Oxendine said the discussions were the first of what is expected to be a continuing dialogue.
The first meeting covered a number of topics and was designed to create a "step-by-step" development of a regular line of communication, he said. During the talk, Mr. Oxendine related there was a review of how tax decisions can impact state insurance regulation.
Specific insurance topics that were discussed include catastrophe reserving issues for property-casualty insurers and health insurers, according to Mr. Oxendine.
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