Chicago–Industry trade groups have complained at a meeting of the National Association of Insurance Commissioners that they don't like the way the NAIC is handling a database of insurance agent fingerprints that is being developed.
During an industry liaison meeting with regulators, Michael Lovendusky, a representative with the American Council of Life Insurers, Washington, questioned the handling of the database that is being developed by both the NAIC and National Insurance Producer Registry.
Mr. Lovendusky told commissioners that what was supposed to be a joint effort to facilitate collection of producer fingerprints in conjunction with a Fingerprint Model Act is now an effort "to reduce NIPR to an operating subsidiary of the NAIC."
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