More Noise About Federal Regulation Is federal regulation of insurance just around the corner? There is little question that Congress is growing more and more interested in establishing some type of direction to a system that has been the exclusive domain of the states for more than a century.
It was Congress that forced states to begin harmonizing their agent and broker licensing standards as part of the Gramm-Leach-Bliley Act.
It was Congress that created a federal insurance office at the Treasury Department, albeit limited to the Terrorism Risk Insurance Program.
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