Wednesday, October 07, 2009

 

House Panel Gears Up For Insurance Office Hearing

Life groups today are asking Congress to create a Federal Insurance Office, and the National Association of Insurance Commissioners is saying regulators might support a FIO bill, if the bill left solvency issues to the states.

The American Council of Life Insurers, Washington, and the NAIC, Kansas City, Mo., are sending witnesses to a House Financial Services Committee hearing on Obama administration financial services proposals.

The hearing includes separate panels on 3 components of the proposals: investor protection; oversight over private pools of capital; and creation of a National Insurance Office...

National Underwriter: House Panel Gears Up For Insurance Office Hearing

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