NU Online News Service, Nov. 18, 4:10 p.m.EST
WASHINGTON–The National Association of InsuranceCommissioners has won significant changes to legislation creating aFederal Insurance Office, giving state regulators more say in itsoperations.
The new language is contained in a manager's amendment to thebill agreed to Tuesday. It would require the new agency to closelycoordinate with state regulators and would give Congress and thecourts the authority to further limit the agency's authority ininsurance matters.
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