Property-casualty insurance products are more state-specific than life insurance products and "might call for differing regulatory approaches" on the issue of federal chartering, a Treasury official said at a state regulators meeting.
The address by Assistant Secretary for Financial Institutions Emil Henry supplemented topics came at the National Association of Insurance Commissioners' meeting that ends Wednesday in Naples, Fla.
In his address to commissioners, Mr. Henry cited "several basic realities that are self-evident" regarding "federal involvement in the insurance regulatory process."
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