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Top state insurance commissioners told President Obama in person that they are experiencing challenges and frustrations with federal and international agencies regarding the key differences between banking and insurance regulation, among other issues. 

Specifically, the head of the National Association of Insurance Commissioners (NAIC) and key NAIC members voiced their concerns to the president about working with the Federal Insurance Office (FIO) on international matters, and also took issue with the lack of a U.S. state insurance regulatory seat at the table of the G-20’s influential Financial Stability Board (FSB).

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