Even as NAIC President Kevin McCarty highlighted the important relationship of the NAIC with the Federal Insurance Office while here at he NAIC Spring National meeting in New Orleans, and coordinating with the office is a 2012 Executive Committee charge, Oklahoma Insurance Commissioner John Doak is asking the state attorney generals to review the constitutionality of the U.S. Treasury office.
He is also urging other state attorney generals to review and consider filing lawsuits on behalf of state’s rights.
Doak said here he believes that the office will “be duplicative and circumvent state based regulation,” and that the guidelines outlined for the FIO in the Dodd-Frank Act will “naturally evolve” to federal regulation.
Doak said that both the Patient Protection and Affordable Care Act and FIO are “prime examples of the federal government’s growing intrusion into our lives that must be opposed.”
The FIO has yet to release its report to Congress.
Commenters said Doak’s initiative would be a challenge. States have challenged health care reform measures, though, of course.