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October 29, 2007 at 11:37 PM
A wholesale brokerage group will be speaking for the life insurance industry in a new round of discussions about the future of the current state-run U.S. insurance regulatory system.
Leaders of the Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee of the House Financial Services Committee have chosen John Felton IV, chairman of the National Association of Independent Life Brokerage Agencies, Fairfax, Va., to testify 2 p.m. Tuesday at an insurance regulatory reform hearing.
The list of witnesses also includes property-casualty insurance industry representatives: J. Robert Hunter, insurance director for the Consumer Federation of America, Washington; and state Rep. Craig Eiland, D-Galveston, Texas, who will speak for the National Conference of Insurance Legislators, Troy, N.Y.
The hearing is the second in a series of hearings that Rep. Paul Kanjorski, D-Pa., chairman of the subcommittee, and Rep. Deborah Pryce, R-Ohio, the most senior Republican on the subcommittee, have scheduled to study insurance regulation.
The subcommittee held the first hearing Oct. 3.
