A House Financial Services Subcommittee has approved three key reform bills–two aimed at improving the insurance regulatory system, and the other increasing the availability of coverage by expanding access to risk retention groups.
Members of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises approved the measures by a voice vote.
The bills passed included the Insurance Information Act (H.R. 5840), the National Association of Registered Agents and Brokers Reform Act (H.R. 5611) and the Increasing Insurance Coverage Options for Consumers Act (H.R. 5792).
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