A Treasury Department official said the agency is taking an increased interest in insurance matters, but has yet to determine what steps should be taken to bring regulation of the U.S. market more in line with the rest of the world.
The comments came from David G. Nason, Treasury deputy assistant secretary of financial institutions policy, speaking at a legal seminar in Baltimore, Md., held by the National Organization of Life and Health Insurance Guaranty Associations early this month.
"Treasury is spending more time studying insurance regulation and the insurance marketplace than it has in the past," he said.
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