State legislators are asking U.S. senators to explain why they are rushing to pass legislation that would create a federal Office of Insurance Information.
The National Conference of Insurance Legislators, Troy, N.Y., in an Aug. 1 letter sent to every U.S. senator urged the lawmakers to slow down the legislative process so more discussion and debate can take place.
The letter followed a July 29 hearing of the U.S. Senate Committee on Banking, Housing and Urban Affairs during which Sen. Christopher Dodd, D-Conn., indicated that the Senate could consider a legislative package that may include parts of H.R. 5840, the Insurance Information Act of 2008, before adjourning in September.
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