NAIC, NCOIL Score Provisions In Federal Insurance Office Bill

A proposal to allow the Treasury Department to enter into "international agreements" on solvency measures is drawing strong objections from state insurance regulators

By Arthur D. Postal | Updated on October 26, 2009

NU Online News Service, Oct. 27, 9:26 p.m. EDT

WASHINGTON–A proposal to allow the Treasury Department to enter into “international agreements” on solvency measures is drawing strong objections from state insurance regulators and lawmakers

The language contained in the bill that would create a Federal Insurance Office was soundly criticized by the National Association of Insurance Commissioners and National Conference of Insurance legislators (NCOIL).

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