A critical study by a state legislators' group has found that the National Association of Insurance Commissioners engages in expanded activities with no state controls.

The examination of the NAIC, sponsored by the National Conference of Insurance Legislators, reviewed the NAIC “and its amoeba-like tendency to grow unfettered and without direct state control for their actions,” noted Rhode Island State Rep. Brian Patrick Kennedy, D-Hopkinton.

Mr. Kennedy, the NCOIL vice president, said that Phase One of the study performed by the Insurance Legislative Foundation delivered at last week's NCOIL meeting raised troubling questions.

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