State legislators and insurance regulators have agreed to work together to find state-based solutions to modernize certain areas of insurance oversight, rather than seek a federal solution.
The discussions came during the National Association of Insurance Commissioners meeting here.
Legislators struck a more conciliatory tone in their talks with regulators compared to the previous two national meetings, during which the two parties debated a controversial modernization proposal that would have allowed possible federal preemption of regulation in some states that did not adopt certain uniform standards.
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