Filed Under:Agent Broker, Coverage Issues

Potential Frankenstein

FIO study of insurance regulation could be flawed

When Congress created the Federal Insurance Office (FIO) in the Treasury Department, it placed restrictions designed to prevent "mission creep," in which the office might seek to expand its own mandate.

Congress inserted language stating that "Nothing...shall be construed to establish or provide the office or the Department of the Treasury with general supervisory or regulatory authority over the business of insurance."

Institutional Bias

The Ghost of Paulsen

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