SAN FRANCISCO–Insurance regulators meeting here said they have experienced difficulties but will continue efforts to develop a market conduct annual statement database, despite industry concerns it poses a confidentiality threat.
The database move is overseen by the National Association of Insurance Commissioners' Market Regulation and Consumer Affairs Committee.
Regulators who took part in the NAIC discussion put no timetable on the project due to questions of resources and confidentiality that have yet to be resolved.
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