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NAIC, Regs Need To Act Before Congressional Threats

Its getting to be a familiar refrain. The 50 states and the District of Columbia develop confusing, overlapping and inefficient procedures for performing certain core regulatory functions.

Insurance companies complain about the lack of uniformity and unnecessary expenses in the system. The states and the National Association of Insurance Commissioners promise to try and do something about it, but despite sincere efforts, any improvements are marginal, at best.

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