A proposed revision in the rules governing California's insurance rate-setting process has drawn the fire of insurance trade groups, which argue the changes unfairly impact smaller insurers.
That was the thrust of a written argument submitted last week to the California Department of Insurance by the National Association of Mutual Insurance Companies (NAMIC) with its domestic insurer state advocacy partners, the Pacific Association of Domestic Insurance Companies.
Their complaint was voiced concerning amendments to the Prior Approval of Regulation proposed by the department.
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