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September 23, 2008 at 11:57 AM
Many executives who help insurers comply with regulations would prefer to see a single federal regulatory agency replace the current state-based system.
Staffers at the Insurance Marketplace Standards Association, Bethesda, Md., have published that finding in a summary of results from a recent survey of about 30 insurance company compliance officers who attended an IMSA compliance workshop.
About 69% of the participants said they would prefer federal regulation to state regulation, and 21% said they prefer the current state-based system.
