WASHINGTON–The leadership of the National Conference of Insurance Legislators is asking in the strongest terms that the U.S. House of Representatives give a thumbs-down this week to legislation that would create an Office of Insurance Information within the Treasury Department.
The NCOIL leadership made its request in letters sent to the Speaker of the House and every member of the House late Friday.
The letter reiterated NCOIL's “staunch” opposition to the legislation, citing a number of reasons, including a claim that the bill “will lead to a dangerous optional federal charter for insurance regulation…that will unravel the strong consumer protections embedded in state-based insurance regulation.”
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