Long-Awaited Federal Insurance Office Report on Modernizing Insurance Regulation Published Today
Dec 12, 2013
The long-awaited report to Congress from the Federal Insurance Office on how to modernize and improve the system of insurance regulation in the United States was officially released today, December 12, 2013.
To access the report, entitled “How To Modernize And Improve The System Of Insurance Regulation In The United States,” click here.
Colodny Fass& Webb is reviewing the report and will provide a forthcoming summary.
National Underwriter reported this afternoon’s development in LifeHealthPro.com. To read the complete story, click on the headline below.
Should you have any questions or comments, please contact Colodny Fass& Webb.
First Look: Treasury wants uniformity and ship-shape solvency oversight at all levels of the market for insurance
The long-delayed U.S. Treasury’s Federal Insurance Office (FIO) modernization report concludes that the debate at present is not whether insurance regulation should be state-based or federal, but whether there are areas in which federal involvement in regulation under the state-based system is warranted.
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