Treasury and Insurance Regulators Start Dialogue
|By Jim Connolly
|NU Online News Service, March 29, 12:32 p.m.EST?State insurance regulators and the Treasury Departmenthave started a dialogue over tax issues that impact the insuranceindustry.[@@]
|Georgia Insurance Commissioner John Oxendine said talks wereheld Feb. 28, prior to the spring meeting of the NationalAssociation of Insurance Commissioners, Kansas City, Mo. Mr.Oxendine said the discussions were the first of what is expected tobe a continuing dialogue.
|The first meeting covered a number of topics and was designed tocreate a "step-by-step" development of a regular line ofcommunication, he said. During the talk, Mr. Oxendine related therewas a review of how tax decisions can impact state insuranceregulation.
|Specific insurance topics that were discussed includecatastrophe reserving issues for property-casualty insurers andhealth insurers, according to Mr. Oxendine.
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