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The American Insurance Association is asking the insurance industry and members of Congress to support House passage of the Central American Free Trade Agreement (CAFTA), arguing that the trade deal “represents the latest step in opening the world’s insurance markets.”

“CAFTA involves the Dominican Republic and several Central American countries, but Costa Rica is noteworthy for having one of the world’s last government-owned insurance monopolies,” said David Snyder, AIA vice president and assistant general counsel.

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