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Washingtons Patience Might Be Running Out

Washington has been buzzing with talk about state regulation of insurance lately, and that cant be good news for state regulators and their supporters in the industry.

The U.S. General Accounting Office, in a new report on state regulation requested by a Capitol Hill powerhouseHouse Financial Services Committee Chairman Mike Oxley, R-Ohio–said that the National Association of Insurance Commissioners should come up with a set of standards for a uniform market oversight program that all states can live with.

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