Senate Banking Committee officials continue to assure the insurance industry that reforming and modernizing regulation of the surplus lines market remains at the "head of the line" for insurance legislation Congress will consider this year.
In fact, a Senate Banking Committee hearing on insurance Tuesday, July 29, might provide a springboard for enactment of legislation this year.
That's because it is the only insurance issue expected to be discussed at the hearing on which there is relative consensus within the industry and among regulators, and may be the only insurance issue "still in play" for enactment this year, according to industry lobbyists and congressional staffers.
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.
