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Senate Hearing Witness List Includes ACLI

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A representative from the American Council of Life Insurers will appear Tuesday at a Senate Banking Committee hearing on the state of the insurance industry.

The witnesses will testify on the current state of insurance regulation and oversight, according to Sen. Chris Dodd, D-Conn., chairman of the committee.

Topics will include ways to promote competition and efficiency in the U.S. insurance marketplace, and ways to enhance consumer protection, Dodd says.

In addition to the ACLI, Washington, groups invited to participate on the first hearing panel include the National Association of Insurance Commissioners, Kansas City, Mo.; the American Insurance Association, Washington; and the Consumer Federation of America, Washington.

The second panel will include representatives from property-casualty insurance, reinsurance and producer groups.