ACLI Comments On FIO Report, ‘How to Modernize and Improve the System of Insurance Regulation in the United States’
|Targeted News Service|
The Federal Insurance Office (FIO) report, "How to Modernize and Improve the System of Insurance Regulation in
The current state-based system of regulation has served consumers and the industry well for generations. However, as noted in the report, "improvements are needed to promote uniformity and address inefficiencies and burdens for consumers, insurers and the international community."
ACLI will continue its work with state and federal authorities, as well as non-domestic regulators and international standard-setters, to explore improvements to insurance regulation in ways that benefit consumers, companies and the nation overall.
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