Insurance regulators and funded public advocates are discussing a conflict of interest policy for consumer representatives at a time when complaints are being raised about conflicts raised by the “revolving door” between insurance commissioners and the carriers they supervise.
The policy for advocates being deliberated would apply to those whose attendance at NAIC sessions is partially funded by the NAIC.
Meanwhile, 14 consumer groups last month sent a letter to the National Association of Insurance Commissioners complaining about the latest former NAIC president to quit his government post to join the industry he regulated, Alabama's Walter Bell.
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