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South Carolina Kicks Off ASSURE, PIA of SC Participating

On April 14, 2003, South Carolina became the first state to officially initiate an ASSURE program. ASSURE -- Alliance for Sound State Uniform Regulatory Efficiency...
April 21, 2003

On April 14, 2003, South Carolina became the first state to officially initiate an ASSURE program. ASSURE -- Alliance for Sound State Uniform Regulatory Efficiency -- is a project of the NAIC to educate state and federal lawmakers, business leaders, and consumers about the advantages of state regulation and the problems associated with federal oversight of the insurance industry. PIA of South Carolina is participating and attended the kickoff event.

"South Carolina has been at the forefront of modernizing our regulatory system and making it more efficient to the benefit of consumers and insurers alike," said Insurance Director Ernst Csiszar, who is also vice president of the NAIC. "If those in the insurance industry who are pushing to rid themselves of state regulation are successful, it would undermine our system of consumer protections and fiscal oversight and, at the same time, cost the state jobs, taxes, fees and other revenues related to the industry."

What It Means to Agents:  On April 6, 2003, the PIA National Board unanimously reaffirmed our support for the ASSURE initiative. PIA National will work with all members of the coalition on our mutual goals that can be achieved through coordination at the Federal, state and local level through national standards, state-based reforms, and state and regional compacts. PIA encourages all affiliates to support ASSURE coalitions within their states or regions that share such goals and recognize the importance of involving federal and state governments as well as regional compacts. PIA National will coordinate efforts with state and regional affiliates to ensure consistency.