NISC proposal talks to continue, NAIC says

01/10/2010 | PropertyCasualty360

The National Association of Insurance Commissioners intends to continue discussions with the National Conference of Insurance Legislators and the National Conference of State Legislators on the proposed creation of a National Insurance Supervisory Commission that would take charge of establishing uniform standards for the industry. The groups have voiced opposition to the proposal. "We view NISC as a first step in an ongoing dialogue about insurance regulatory reform and welcome a serious and thoughtful discussion with stakeholders," NAIC said.

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