NU Online News Service, March 17, 2004, 5:38 p.m. EST, New York – The National Association of Insurance Commissioners, Kansas City, Mo., ended its spring meeting earlier this week without criticizing the National Association of Insurance and Financial Advisors.[@@]
Commissioners in the NAIC’s southeastern zone were promoting a resolution that would have chided the Falls Church, Va., group for its new support for consideration of optional federal chartering as one possible approach to regulatory modernization.
The NAIC did not endorse the resolution or hold a full, official discussion about the resolution at the spring meeting open sessions.
Resolution supporters say the new NAIFA position may not represent members’ views, but NAIFA says only 50 of its 70,000 members have criticized the new position.
What Your Peers Are Reading
NAIFA is pleased that the NAIC decided not to act on the zone resolution, according to William Anderson, NAIFA’s senior vice president-law and government relations.