Article: Pressure to unify regs builds; Congress to hold hearings on state insurance rules.(News)

Byline: Sara Hansard

The House Financial Services subcommittee on capital markets this week will begin considering legislation aimed at pushing state insurance regulators to unify their regulations.

Committee Chairman Michael Oxley, R-Ohio, outlined a plan this month to create a "federal-state advisory council'' to unify state insurance regulations. He announced the plan, which will be the basis for legislation, at the spring meeting of the Kansas City, Mo.-based National Association of Insurance Commissioners.

While Mr. Oxley stopped short of pushing for optional federal insurance regulation that insurance companies have called for, his plan ...

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