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NJ Commissioner: Uniform Standards Needed to Thwart Federal Regulation

New Jersey Insurance and Banking Commissioner Thomas Considine said without uniform national standards for insurance regulations, the industry will "continue to lobby, and lobby effectively...
March 1, 2011

New Jersey Insurance and Banking Commissioner Thomas Considine said without uniform national standards for insurance regulations, the industry will "continue to lobby, and lobby effectively I believe, for federal regulation." Without standards, Considine said regulators "lose a strong argument in favor of state-based regulation." Considine said New Jersey signed on to join the Interstate Insurance Product Regulation Commission (IIPRC) to help state insurance regulators develop such national standards.