Sen. Collins: Dodd-Frank capital rules were not meant for insurers

11/28/2012 | PropertyCasualty360

Sen. Susan Collins, R-Maine, who authored provisions in the Dodd-Frank Act that apply certain capital rules to bank holding companies, wrote to regulators including Federal Reserve Chairman Ben Bernanke to say that lawmakers had not intended to subject insurance companies to stringent capital standards designed for banks. Federal regulators were not meant to "supplant state-based regulation with a bank-centric capital regime" under the act, Collins wrote.

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