NU Online News Service, March 9, 2004, 12:45 p.m. EST – A key agent group says it will continue to support consideration of federal insurance regulation options.[@@]
The National Association of Insurance and Financial Advisors, Falls Church, Va., says it will repeat its recently adopted board position on the issue even if the National Association of Insurance Commissioners, Kansas City, Mo., passes a resolution calling for it to reconsider the position.
Commissioners from the NAIC’s southeast zone approved a resolution on the NAIFA position Feb. 20.
The southeast zone resolution calls for NAIFA leaders to “amend their newly adopted policy to clarify their longstanding support for state insurance regulation and their strong opposition to the creation of a federal insurance regulator or a so-called ?optional or dual federal charter’ for insurers and producers.”
Commissioners will discuss the resolution during their Commissioners Roundtable this week at their spring meeting, and the resolution could advance to the executive and plenary levels, according to NAIC spokesman Matt Brisch.