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