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NAIC Forum Underway in Washington, D.C.

The National Association of Insurance Commissioners is holding a public policy forum in Washington, D.C. on Monday and Tuesday of this week. The 2004 Symposium:...
February 24, 2004

The National Association of Insurance Commissioners is holding a public policy forum in Washington, D.C. on Monday and Tuesday of this week. The 2004 Symposium: "Ensuring Solvency, Transparency and Competitiveness in a Global Insurance Market" will focus on significant insurance issues and include panel discussions on topics including "A Closer Look at National Standards for the State-based Insurance System." Other sessions will deal with annuities and long term care insurance, capital adequacy in insurance rating, monitoring competitive markets, risk-focused versus traditional solvency regulation, regulatory transparency in the global market and a discussion of the Basel II Accord.

PIA's Assistant Vice President of Regulatory Affairs Ellen Sanders ellensa@pianet.org is representing PIA at this symposium.

What It Means to Agents: It is significant that the NAIC has decided to engage at this level with a highly visible policy event in Washington, D.C. This positions state insurance regulators at the center of the debate on Capitol Hill regarding the future of insurance regulation. From a strategic perspective, this is an excellent move.