WASHINGTON BUREAU — George Keiser, president of the National Council of Insurance Legislators (NCOIL), announced this weekend that he has applied to be a member of the Federal Advisory Committee on Insurance (FACI).
The U.S. Treasury Department is organizing FACI to advise the department on the issues covered by the new Federal Insurance Office (FIO) and other insurance issues. One of the responsibilities of the FIO is to advise the Treasury secretary on international trade issues and international insurance governance issues.
About half of the members of FACI will be state insurance commissioners. Groups representing actuaries, consumers and others also have applied to put members on the panel.
Keiser, a Republican state representative in North Dakota as well as the president of NCOIL, Troy, N.Y., cites his background in economics and insurance experience as reasons he would make a good FACI member. He also cites his legislative experience.
The legislative experience would help Keiser advise the FIO on insurance public policy, NCOIL says in an announcement describing Keiser’s application letter.