Federal Threat Looms Over Market Conduct DebateState regulators hope to head off intervention fromCongress via SMART bill
Will Congress mark the 60th anniversary of granting states theright to oversee insurer market conduct by taking that authorityback? Not if state insurance regulators have anything to say aboutit.
To preserve their individual autonomy, insurance commissionershave worked together with state legislators to cobble together anew model market conduct oversight system. However, it remains tobe seen whether they will prevail against members of Congress whobelieve federal action is required to shore up the patchwork meansdevised over the years to protect consumers.
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