Insurers have expressed concerns to the nation's regulators over their plans to charge higher fees for the operations of the Securities Valuation Office.
Their reaction was voiced at Wednesday's National Association of Insurance Commissioners' budget hearing where the Securities Valuation Office fees were a major focus.
The NAIC has proposed a budget for 2007 which calls for an estimated 6-to-7 percent increase in both expenditures and revenues.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
