NAIC: ?Regulatory Lawsuits' Undermine Us
NU Online News Service, Dec. 10, 2:50 p.m. EST?Regulators at the National Association of Insurance Commissioners meeting in California said they are still searching for ways to deal with what they call "Regulatory Lawsuits" that undermine state-level regulatory authorities.[@@]
In these multistate class action lawsuits, regulators said, case laws made by juries and judges from one state can create far-reaching new insurance rules, hurting the authority of state insurance regulators and legislatures and their existing rules.
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