Consumer advocates have written 12 state governors and a dozen attorneys general asking them to investigate whether recent action by a group of state insurance regulators violated open meeting laws.
The letter was sent by the Consumer Federation of America, Washington, and the Center for Economic Justice, Austin, Texas, after a unit of the National Association of Insurance Commissioners held a closed door session to discuss actuarial and accounting changes for life insurers.
The letter asks the attorneys general to examine whether the "trade association" of the NAIC has been used to "to circumvent open meeting, open record and administrative procedure laws."
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