D.C. Commissioner Puts Some Questions To NAICs Questioners
If consumer advocates, insurers and producers had questions regarding a new product filing entity, Larry Mirel, commissioner of the District of Columbia, had a few questions of his own.
During a public hearing on an interstate compact draft (see page 64) that would create a single point of filing for life insurance products, Mirel turned the tables on those testifying.
He asked speakers during the hearing of the National Association of Insurance Commissioners, Kansas City, Mo., to provide details of their organizations, including their purpose, membership, budget and where funding came from.
“It is important to know in order to judge the comments that are being made,” Mirel said.
In response to Mirels question, Alice Weiss, director of health policy with the National Partnership for Women and Families, Washington, noted that she and other consumer representatives participating in the hearing by telephone had been appointed as funded consumer representatives by the NAIC.
“We have been appointed by the NAIC on its determination that we represent consumer interests.”
Listed below are some of the responses to Mirels queries:
Brendan Bridgeland, director, Center for Insurance Research, Cambridge, Mass.
The Center has 120 members. “We dont have a list that we pass out,” but it is funded from donations and private grants.
Van Ellet, senior legislative representative, AARP, Washington.
The AARP has 35 million members and a budget of $500 million to $600 million.