NAIC works on a unified state-based regulatory framework
The National Association of Insurance Commissioners (NAIC) has submitted a detailed framework document to th US House Financial Services Chairman Michael Oxley, detailing ongoing and proposed steps to create a state-based national system of insurance regulation. It is the NAIC’s intent, officials said, to work with Congress and state legislators to expand state adoption of national regulatory standards that will provide a streamlined regulation system across the United States.
The roadmap document covers 15 areas where national standards can be effectively implemented, based on those raised during Oxley’s presentation to NAIC members in March and additional areas where theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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