NU Online News Service, Feb. 28, 2:48 p.m. EST
A senior member of the House Financial Services Committee is asking the National Association of Insurance Commissioners to explain the legal reasoning behind its decision to describe itself as a "standard-setting organization" rather than a trade group.
Rep. Ed Royce, R-Calif, made the request in a letter obtained by NU Online News Service that was sent to the NAIC today.
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