News of a discussion among a group of state regulators aimed at creating a National Insurance Supervisory Commission isn't being welcomed by one state legislator.

State Rep. Brian Patrick Kennedy, D-R.I., who is also immediate past president of the National Conference of Insurance Legislators, said he was told of the proposal by the NAIC, and he has "serious concerns about the proposal and would be very reluctant to sponsor or even support it."

"[The proposal] is not a simple expansion of the current IIPRC, but a total integration of all insurance law responsibility to be designated to this new NAIC insurance commission," he said, referring to the Interstate Insurance Product Regulation Commission.

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