PIA supports the continued regulation of insurance by the states and opposes federal regulation of insurance.
- PIA opposes the National Insurance Act of 2007, S. 40 and H.R. 3200, and all proposals calling for Optional Federal Charters (OFC) for insurance.
- PIA supports continued modernization of the state-based system of insurance regulation. The state based system is the most efficient and experienced oversight system. It accommodates needed changes better than any federal process.
- PIA supports states achieving modernization goals through an all-states compact, a proven alternative to OFC.
To learn more about PIA's position on Federal Interference in the State-Based Insurance Regulatory System, read the February 2008 Federal Interference in the State-Based Insurance Regulatory System PIA Position Paper (PDF file).
In this section you'll find information about:
- Optional Federal Charter
- Producer oversight;
- Rate & form;
- Interstate Compact;
- Market conduct;
- Carrier licensing;
- Actions by the Office of the Comptroller of the Currency (OCC);
- Tying;
- Gramm Leach Bliley Act (GLBA);
- McCarran-Ferguson;
- Other related topics
Please see the "Related Stories" to the right to keep current with this fast moving, fluid topic.
Be sure to visit the Producer Licensing section of PIANET.