State regulators are preparing to consider insurance industry recommendations they were handed last week to water down proposed new internal control reporting requirements for non-public companies.
The Interested Parties Group submitted its proposals to the National Association of Insurance Commissioners panel looking at stiffening internal controls reporting on non-public companies.
The so-called Title IV subgroup will meet Nov. 7 at a city to be determined later to mull the proposals. Regulators have set the first half of next year as the target date for final approval.
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