NU Online News Service
Members of the National Conference of Insurance Legislators have rejected the idea of imposing Sarbanes-Oxley Act governance and accounting standards on non-public insurers.
Lawmakers voted unanimously at NCOIL's recent spring meeting for a resolution opposing efforts by the National Association of Insurance Commissioners, Kansas City, Mo., to apply SOX standards to mutual insurers and other non-public insurers through revisions to the NAIC Model Audit Rule.
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