The capital markets subcommittee of the House Financial Services Committee will hold a hearing Oct. 3 on the future of state regulation of insurance.

Witnesses from insurance industry groups and the National Association of Insurance Commissioners, Kansas City, Mo., will talk about strategies for improving the curent insurance regulation system, according to several industry officials.

Industry organizations that may send witnesses to the hearing could include the American Council of Life Insurers, Washington, and a number of property-casualty groups.

The chairman of the subcommittee is Rep. Paul Kanjorski, D-Pa.

The subcommittee probably will hold at least one and possibly two additional hearings on insurance regulatory issues, committee observers say.