The National Association of Insurance Commissioners has–at least for now–put on hold its National Insurance Supervisory Committee proposal, which would have seen regulators develop uniform standards with the threat of federal intervention for states that did not comply.
An insurance commissioner who spoke to state legislators earlier this month at a meeting of the National Conference of Insurance Legislators said the NAIC will explore alternative state-based regulatory modernization efforts while reserving its right to resurrect NISC, if necessary.
Regulators initially discussed NISC internally at the NAIC's June 2009 meeting in Minneapolis.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
