The American Insurance Association has asked the National Association of Insurance Commissioners' president to urge fellow regulators to reconsider opposition to federal legislation to establish an optional federal charter system for insurers.
Marc Racicot, the president of the AIA, made the request in a letter to Sandy Praeger, Kansas insurance commissioner and current NAIC president, in response to an editorial titled “Federal Bill Unnecessary” that Ms. Praeger placed on the Web site of the Kansas Insurance Department.
Mr. Racicot said in his letter to Ms. Praeger: “I urge the members of the NAIC to reconsider their opposition to the federal legislation establishing an OFC.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.