SAN ANTONIO, TEXAS--A unit of the National Association of Insurance Commissioners took no action here to move ahead with rate deregulation for personal lines.
At a meeting of the Personal Lines Regulatory Framework Working Group at NAIC's winter meeting Saturday, regulators could not agree on model regulation and legislation that would grant more rate freedom for insurers.
The regulators will continue to try and reach some sort of consensus on what rate regulation package could pass over the next few weeks.
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