HOUSTON–The National Association of Insurance Commissioners, at its meeting here yesterday, approved a 2008 budget with expenses increased by more than 2 percent.
NAIC's 142-page, $68.3 million proposed spending plan was approved unanimously at an NAIC plenary session.
The budget foresees a 5.09 percent increase in revenues, up $3.3 million from 2007's projected $65 million. Expenses would increase to $66.5 million in 2008, up 2.55 percent from $65 million in 2007.
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