Conferees OK surplus-lines provisions in financial-reform bill

06/22/2010 | PropertyCasualty360

The House-Senate conference panel tasked with finalizing financial-services-reform legislation approved provisions that would update and streamline surplus-lines regulation, a move that drew praise from insurance-agent groups. The conferees also approved a provision that seeks to create the Federal Insurance Office within the Treasury Department, but they have yet to establish the scope of its pre-emptive powers.

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