Commissioner of Securities and Insurance
Rosendale and Fox joined five other insurance commissioners and 12 other attorneys general this week in requesting
"Creating public policy for the sole purpose of political showmanship is irresponsible, and is even worse when it harms consumers," Fox said. "I'm not going to stand on the sidelines while an elected official from another state plays politics with the people of
Rosendale and Fox signed onto letters with officials from several other states opposing
Key excerpts from the insurance commissioners' letter:
* "Not only does [
* "Using the pressure of government to push a company--especially an out-of-state company subject to the authority of its domestic regulator--in one direction over another is improper and detrimental to state-based insurance regulation. Doing so to accomplish a political agenda, rather than a solvency- and consumer-focused agenda, is unacceptable and undermines our authority to credibly regulate this industry."
Key excerpts from the attorneys general letter:
* "This initiative is misguided as a matter of policy, questionable as a matter of law, and inconsistent with the principle of comity among
* "It is our responsibility to protect the interests of those insurance companies harmed by your new initiative, as well as the many energy businesses, their employees, and their customers who are the targets of your attempt at public shaming. It is also our role to protect the public from misleading, alarmist, and fiscally irresponsible information, including deeming investments in fossil fuels as likely "stranded assets." Such hyperbolic and inflammatory language can only be aimed at hurting that sector of the economy responsible for providing American citizens with reliable energy resources."
The letter from state insurance commissioners can be found HERE (http://montanahealthanswers.us7.list-manage.com/track/click?u=50fc1249fefaec712a3075062&id=bc16f710f3&e=aa4d9c85e5)
The letter from state attorneys general can be found HERE (http://montanahealthanswers.us7.list-manage.com/track/click?u=50fc1249fefaec712a3075062&id=8b127f96f2&e=aa4d9c85e5)