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March 03, 2004 at 07:00 PM
NU Online News Service, Mar. 3, 2004, 3:55 p.m. EST – Washington: The president of the National Association of Insurance Commissioners is pushing a deregulation agenda and risking the success of state insurance regulation, a coalition of consumer activist groups charges.[@@]
The pro-deregulation views of NAIC President Ernest Csiszar, who is the South Carolina Insurance Commissioner, “are on the extreme of the spectrum of views of members of the NAIC,” the Americans for Insurance Reform charge in a letter to all NAIC members.
“Consumers will be hurt and state insurance regulators deprived of authority to help consumers or address market problems under the deregulation agenda,” the coalition adds.
The letter was signed by J. Robert Hunter, director of insurance for the Consumer Federation of America, Washington, and Norma P. Garcia, a representative of Consumers Union, Washington. They signed the letter on behalf of Americans for Insurance Reform.
A spokesman for the South Carolina insurance department says the department had not seen a copy of the letter as of this writing.
