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February 03, 2006 at 02:04 PM
Several insurance trade groups are asking insurance commissioners to drop further work on a fingerprint model the National Association of Insurance Commissioners has been working on for more than 3 years.
State insurance regulators should “forgo any further discussion or consideration of the proposal,” the groups write in the letter, which was sent to NAIC President Alessandro Iuppa, the Maine insurance superintendent, and to Susan Voss, the Iowa insurance commissioner and chair of the NAIC’s Market Regulation and Consumer Affairs Committee.
The letter is signed by the Independent Insurance Agents and Brokers of America, Alexandria, Va.; the Life Insurers Council, Atlanta; the National Association of Mutual Insurance Companies, Indianapolis; the National Association of Professional Surplus Lines Offices, Kansas City, Mo.; and, the Property Casualty Insurers Association of America, Des Plaines, Ill.
