A state legislators' group, seeking to beef up its control of insurance regulation, is considering a move to grab 4 percent of the funds that currently go to the organization run by the nation's insurance commissioners.
Members of the National Conference of Insurance Legislators are scheduled to take up the issue at their annual meeting in Las Vegas that begins tomorrow. At issue are the state assessments currently paid to the National Association of Insurance Commissioners.
NCOIL's proposal follows a consultant's report it commissioned that produced a "Study on State Authority: Making a Case for Proper Insurance Oversight."
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