WASHINGTON--Charles Chamness, president and chief executive officer of the National Association of Mutual Insurance Companies, has written the Senate urging it to reform rather than replace the state-based insurance regulatory system.
His letter was written in anticipation that Congress will debate legislation dealing with insurance regulatory issues when it returns to work from its summer recess Sept. 8.
He was responding to the comments July 29 by Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, at a hearing on insurance issues.
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