The National Association of Insurance Commissioners will be holding a public hearing on the future of the major rating agencies at its upcoming fall meeting.
The NAIC, Kansas City, Mo., will examine the role of the “nationally recognized statistical rating organizations” in the insurance regulatory system and any changes that might be needed in light of the financial crisis.
The NAIC is expecting representatives from the rating agencies, insurers and pension funds to speak at the hearing. Other speakers will include regulators, consumer representatives, and academic researchers.
The NAIC plans to hold the hearing Sept. 24.
The 4-day meeting is set to start Sept. 21 in National Harbor, Md., a suburb of Washington.
In addition to announcing the rating agency hearing, the NAIC also has posted the meeting agendas for its Executive Committee and for the plenary, the body that represents all voting NAIC members.