NU Online News Service, Oct. 26, 1:22 p.m. EDT
In the wake of the first congressional testimony of Michael McRaith, director of the new Federal Insurance Office, officials of the National Association of Mutual Insurance Companies say he appears to "have an understanding" of the role the new agency is to fulfill.
But, officials of the National Association of Professional Insurance Agents, while expressing appreciation that McRaith affirmed that the FIO is not a regulator, also voice concerns with remarks by McRaith that the FIO's portfolio "is still being defined."
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