The National Association of Insurance Commissioners will work next year on a proposal for standardizing insurance regulation nationwide that it can bring before Congress, according to the group's new president.
Kansas Insurance Commissioner Sandy Praeger, who will lead the NAIC in 2008, emphasized that the effort will enhance state regulation and not abrogate state authority.
She explained that the NAIC has worked with federal officials on proposals in the past for issues such as supplementary Medicare insurance. The state regulator association also worked with the FBI, she noted, to coordinate a plan for producer licensing records.
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