The Treasury Department has announced the 15 members of theFederal Advisory Committee on Insurance (FACI), which is chargedwith advising the newly created Federal Insurance Office—but statelegislators are upset they aren't being represented.
While members include regulators, industry representatives and aconsumer advocate, officials did not accept an application fromState Rep. George Keiser, R-N.D., president of the NationalConference of Insurance Legislators.
"I am disappointed in the FACI selection process," says Keiser,who adds the committee "is overrepresented by regulators at theexpense of legislators."
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