A letter from funded consumer representatives at the National Association of Insurance Commissioners rips the organization on the closeness of some state regulators to the industry, including former North Dakota Commissioner Jim Poolman.
In particular, the Sept. 24 letter questions the process surrounding recently adopted revisions to the Viatical Settlements Model Act, and raises concerns about Mr. Poolman's hope to find a job in the insurance industry.
Attachments to the letter also raise concerns about campaign contributions to Mr. Poolman during the time he was overseeing the development of the revised model at the NAIC's Life & Annuities “A” Committee.
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