Wednesday, December 20, 2006

 

Michigan Set To Join Interstate Compact

Topping off a year in which the interstate compact of the National Association of Insurance Commissioners reached its threshold for becoming operational, the organization said Michigan is set to become its 29th member.

The Interstate Insurance Product Regulation Commission enables states to develop a single point of filing for life and asset-based products while also developing national standards. The compact was initiated by the NAIC in 2004 and solidified in May when Alaska became the 26th state to join.

Michigan Set To Join Interstate Compact
Source: A.M. Best (subscription required)

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