Rejecting criticism from an agents group, insurance regulators said they are actively engaged in the debate over Congress' efforts to limit state authority over insurance and are opposed to those efforts.
Illinois Insurance Director Michael T. McRaith, speaking for the National Association of Insurance Commissioners, called comments by the Professional Insurance Agents of the Western Alliance's Clark Sitzes, executive vice president of the association, "misleading."
Mr. McRaith told National Underwriter that he and other commissioners have testified before Congress and met with Congressional leaders voicing their opposition to proposed legislation eliminating insurers' antitrust exemption that they believe would undermine the state's authority over insurance.
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