Consumer groups are urging the National Association of Insurance Commissioners to rethink its new policy for adopting model laws.
In a letter dated Sept. 10, four consumer representatives, who are given funding to attend NAIC meetings, detailed why they think the procedure, announced last spring, is not in the best interests of consumers or the NAIC.
The new policy requires two-thirds of commissioners to vote for a model and a commitment on the part of commissioners to get the model adopted in their states.
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