The American Academy of Actuaries wants a permanent seat on the advisory group that might serve a proposed federal Office of Insurance Information.
Rep. Paul Kanjorski, D-Pa., has called for creating the OII within the U.S. Treasury Department in H.R. 5840, the Insurance Information Act of 2008.
James Rech, a vice president at the AAA, Washington, has written a letter on behalf of the group’s financial regulatory reform task force to Sen. Christopher Dodd, D-Conn., chairman of the Senate Committee on Banking, Housing and Urban Affairs.
In the letter, Rech notes that the AAA has no position on whether creating a federal insurance regulatory system would be appropriate.