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Regulator Praises NCOIL Market Conduct Model

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NU Online News Service, March 2, 2004, 6:15 p.m. EST – Oregon Insurance Administrator Joel Ario is praising the work of the National Conference of Insurance Legislators on market conduct.[@@]

Members of the influential Albany, N.Y.-based group voted unanimously Friday to adopt the group’s Market Conduct Surveillance Model Act.

The model is a “solid” and “promising” work product, Ario says.