NU Online News Service, July 12, 3:08 p.m. EDT
A senior member of the House Financial Services Committee today asked the Federal Insurance Office to conduct a comprehensive review of the operations and structure of the National Association of Insurance Commissioners.
Rep. Edward Royce, R-Calif., says the review is a “necessary” threshold step “prior to having a comprehensive discussion on the future of U.S. insurance regulation” because the NAIC currently labels itself the “home of U.S. insurance regulation.”
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