HOUSTON–National Association of Insurance Commissioners CEO Ben Nelson, and a group that says it is poised to defend state regulation, upped the rhetoric against federal insurance supervision while at an event here.
"Folks may look at us as if we are protecting our turf, [but] with any assault on state regulation, I am out of my chair, ready to fight immediately," said the former U.S. Senator from Nebraska, NAIC official, state regulator and governor during his first NAIC meeting as the association's CEO. "State regulation is worth protecting."
Nelson spoke a gathering during the NAIC's Spring Meeting sponsored by the States Alliance for Balanced Insurance Regulation (SABIR), which states in literature that "every day the specter of federal regulation grows and the onslaught against states' rights continues." The group tells state regulators, "We fight for you!"
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