Former commish questions NAIC’s future role

October 9, 2013 by Arthur D. Postal

The National Association of Insurance Commissioners is at a crossroads because it must clarify first what it is, and then work out a system for collaborating with federal regulators in overseeing large, multifaceted insurance companies with international operations, according to a former insurance commissioner.

Larry Mirel, a partner in the Washington, D.C., office of Nelson Levine de Luca & Hamilton, said that first, the NAIC is going to have to clarify what it is.

“NAIC said it is not a trade association, but it is really a trade association of state insurance regulators,” Mirel said. Click here to read…

Originally Posted at LifeHealthPro on October 8, 2013 by Arthur D. Postal.