Industry watches for potential changes in state insurance oversight

03/21/2013 | National Underwriter Life & Health

Industry observers agree that changes to the current state-oriented system of insurance regulation are inevitable, according to this article. Life insurers and state regulators are concerned about the future role of the Federal Insurance Office and its upcoming recommendations for updating insurance regulation. Another potential regulatory change is the National Association of Registered Agents and Brokers Reform Act of 2013, which is "a common-sense approach to eliminate the duplicative and burdensome state-by-state nonresident licensing," NAIFA President Rob Smith said.

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National Underwriter Life & Health

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