The nation's insurance regulators in a belated response letter have told consumer representatives they are "evaluating the facts" concerning complaints that some National Association of Insurance Commissioners members have conflicts of interest.
Their Oct. 15 letter follows a Sept. 24 complaint from 11 consumer representatives concerning the activities of certain commissioners in drafting NAIC model laws.
The consumer groups' letter requested that recently adopted revisions to the Viatical Settlement model law be revisited because of allegations that former North Dakota Commissioner Jim Poolman had conflicts of interest when he spearheaded the NAIC effort.
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