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Protecting State Insurance Regulation

PIA supports a modernized state-based insurance system and opposes any federal regulation or international standards that would destabilize or supplant state-based regulations.

While modernization of certain aspects of state insurance regulation is needed, for over 150 years the state-based system has successfully created a competitive and diverse U.S. insurance market. States regulate insurance in the U.S., but developments at the federal and international level heavily influence state law and regulations. Actions by certain federal and international bodies have raised alarm that the state-based insurance regulatory system may be needlessly eroded in the face of new global challenges. In response to this, PIA is working diligently to ensure that our dynamic state-based system of U.S. regulation is not undermined.

PIA Advocates for Independent Agents by:

  • Working with members of congress on legislation to support the proper implementation of Dodd-Frank Act and to establish appropriate oversight for international agreements that touch on state insurance regulation.
  • Collaborating with the National Association of Insurance Commissioners (NAIC) and the National Conference of Insurance Legislators (NCOIL) to educate state policymakers on the importance of international regulatory issues and ensure the proper implementation of prudential insurance regulations and legislation.
  • Monitoring the activities of the Department of Treasury, including the Federal Insurance Office (FIO) and the Financial Stability Oversight Council (FSOC), to ensure that the federal government is not encroaching on state based insurance regulation or placing an undue burden on independent agents.
  • Monitoring international standard setting developments, trade negotiations, and FIO efforts on certain international agreements to ensure there is no negative impact on state insurance regulation.


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