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Article: Fingerprint database's cost one of many industry concerns.(Technology)
- Article from:
- Best's Review
- Article date:
- January 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An initiative to create a "fingerprint repository" on insurance producers is advancing to a senior committee of the National Association of Insurance Commissioners, but questions about its future and how to pay for it linger.
The issue has been before the Fingerprint Subgroup of the NAIC's Market Regulation and Consumer Affairs Committee for more than two years. In that time, it has drawn the enthusiasm of some regulators who believe the mechanism ultimately would produce uniformity among states in producer licensing-and resistance from industry advocates, some of whom argue for dropping the proposal entirely.
The measure is a part of the "Authorization ...