RAA: Reg Reforms Need Balance Of Efficiency, Security
As Congress continues to hold hearings on ways to bring efficiencies to the regulation of insurance, its important that the reforms maintain a critical balance between efficiency and financial security.
One policy under consideration is a proposal to usher in national regulation for reinsurers. Reforms and efficiencies can be achieved by the states acting to enact federally adopted standards. Such a system would not abandon state regulation, but would provide a sole regulator for reinsurers, whether that regulator is at the state or federal government level.
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