Reacting to efforts to federalize insurance regulation, a national legislators group said it will pay for a study of the current state regulatory system.
Susan Nolan, executive director of the Troy, N.Y.-based National Conference of Insurance Legislators, said a formal request for bids on a study was sparked in part “because of recent attempts by the federal government to take a larger place in insurance regulation.”
While state officials defend a non-federal system as the best way to regulate insurance, Ms. Nolan said there is a “need to look at it and make sure its running as well as it can.”
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