WASHINGTON--The author of legislation creating an Office of Insurance Information within the Treasury Department is urging colleagues to pass the bill when it comes to the House floor this week, saying it is needed to give the federal government "a credible source of information and expertise on insurance matters."

Rep. Paul Kanjorski, D-Pa., in a "Dear Colleague" letter also said the measure "does not change the regulation of insurance and does not take sides in the state-versus-federal regulation of insurance debates."

The National Association of Professional Insurance Agents, however, said in a letter released today that it disagrees with Rep. Kanjorski's interpretation, saying it has become a bill "enabling federal insurance regulation."

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
NOT FOR REPRINT

© 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.