The International Association of Insurance Supervisors proposes to limit participation of "observers"—including insurance industry associations, lawyers, consultants, non-governmental organizations and consumer advocates.
In an Oct. 11 memo, the IAIS tells observers they "will not take part in Task Force, Working Group or Committee meetings," except in certain sessions or dialogues. Instead, observers can submit written comments in response to surveys or questionnaires "as necessary."
How much observers are held at bay from key subcommittee work is still up for discussion, according to sources in Taipei, site of an upcoming IAIS meeting. If the memo stands as policy the industry, whp pay hefty dues to be an "observer," would be walled off from the process.
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