NU Online News Service, March 21, 9:19 a.m. EDT
The National Association of Insurance Commissioners acknowledges in a letter to a member of Congress that it is not a “regulatory body,” but acts to provide a “forum and vehicle” for its members who are standard-setters.
The NAIC's lengthy response came after a request by Rep. Ed Royce, R-Calif. Royce, a senior member of the House Financial Services Committee to clarify its legal standing after its decision to describe itself as a “standard-setting organization” rather than a trade group.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
