NU Online News Service, Nov. 18, 4:10 p.m. EST
WASHINGTON–The National Association of Insurance Commissioners has won significant changes to legislation creating a Federal Insurance Office, giving state regulators more say in its operations.
The new language is contained in a manager's amendment to the bill agreed to Tuesday. It would require the new agency to closely coordinate with state regulators and would give Congress and the courts the authority to further limit the agency's authority in insurance matters.
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