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