An independent agents group is asking why the National Association of Insurance Commissioners has not entered the debate over proposed federal legislation that would end insurers' limited antitrust exemption.
Professional Insurance Agents of the Western Alliance said such a measure could negatively impact the future of the association and its members.
Clark Sitzes, PIA West executive vice president, in an open letter sent to Congress as well, inquired why the NAIC had not commented on the issue of whether to eliminate the McCarran-Ferguson Act provision which gives states authority over the regulation of insurance.
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