The National Association of Insurance Commissioners' proposals to create a new database of insurance industry market conduct information have raised confidentiality concerns from industry representatives.
At the spring meeting of the NAIC earlier this month, NAIC official Tim Mullen said the Kansas City-based organization has conducted a feasibility study on how to improve the quality of the market conduct data currently collected.
The study raised the issue of the accuracy of data gathered not only from the traditional financial annual statement but the recently created market conduct annual statement.
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