The National Association of Insurance Commissioners yesterday unveiled a $68.2 million budget for 2008.
In a meeting following a hearing yesterday the NAIC's Internal Administration (EX1) Subcommittee advanced the proposed budget, which now awaits approval from the full NAIC membership during the Winter National Meeting, Dec. 2-4 in Houston.
The subcommittee put forward a 142-page plan with a 4.9 percent increase in revenues, up $3.2 million from 2007's projected $65 million.
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