In a letter to Congress, Nevada Insurance Commissioner Alice Molasky-Arman said the Insurance Information Act of 2008 (H.R. 5840) would disrupt the insurance marketplace in Nevada and place the state’s insurance consumers at risk.

“To promote the arbitrary preemption of state statutes and regulations, based upon federal public policy, and applied by an administrative agency as opposed to the judicial system and the process under the court system, would disrupt the insurance market and place at risk the insurance consumers in the state of Nevada,” the letter states. “Preemption by a federal agency created for the primary purpose of preempting state insurance laws would adversely affect and completely undermine Nevada’s progress and continuing to fight against fraudulent insurance practices across the United States.”

Nevada Insurance Commissioner Molasky-Arman’s Letter to Congress (PDF file, 8/18/08)

September 3, 2008