The National Association of Insurance Commissioners (NAIC) Executive Committee meeting erupted into a biting referendum on the NAIC itself Monday, with Connecticut Insurance Commissioner Tom Leonardi motioning to hire an outside firm to conduct a corporate-governance review.

Leonardi would like the review to address a variety of so-called poor decisions, some by an “imperial presidency.”

The motion was rejected by the Executive Committee, and debate was shut down to the full body after many commissioners said a corporate-governance review might well be needed, but the proposal should be vetted by the Corporate Governance Committee first.

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