Consumer advocates are asking Iowa Insurance Commissioner Susan Voss why she voted against a proposal to relax life insurers' capital and surplus requirements on Jan. 29 and five days later issued a state regulation reversing her position.
Her departmental bulletin would allow Iowa-based life and property-casualty companies more lenient deferred tax asset treatment.
On Jan. 29 the National Association of Insurance Commissioners voted 16-1, with Ms. Voss with the majority, against a proposal by the American Council of Life Insurers, Washington, to allow more relaxed deferred tax asset treatment.
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