Ft. Lauderdale, Fla.–The president of the National Association of Insurance Commissioners told state lawmakers meeting here that this is the year to decide the controversial issue of collateral requirements for alien reinsurance firms.
NAIC President Alessandro Iuppa, speaking at the meeting of the National Conference of Insurance Legislators, said: "We have talked about it long enough. It is now time to do something about it."
He told the Executive Committee at the NCOIL meeting last week that he hoped this round of NAIC debate would be free of rhetoric and repetitive sniping.
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