NU Online News Service, Dec. 4, 2009, 2:45 p.m. EST
The National Association of Mutual Insurance Companies is voicing strong criticism of a model audit rule for insurance companies proposed by New Mexico Insurance Department officials.
In a written statement and through testimony at a hearing, a NAMIC regional official called the proposal a "radical and imprudent departure" from the National Association of Insurance Commissioners' Model Audit Rule.
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