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Reform Bill On Fast Track?


A U.S. House Financial Services Subcommittee might be moving more aggressively on insurance regulatory reform than previously thought, and could have an incremental reform bill drafted by the end of March, the National Underwriter has learned.

Several sources told National Underwriter that the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, chaired by Rep. Richard Baker, R-La., is beginning to draft a detailed set of reform principles that could become the basis of legislation.

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