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NAIC President to Focus Efforts on Capitol Hill

NAIC President and South Carolina Insurance Director Ernst Csiszar says with Congress contemplating introducing legislation on federal oversight of insurance, he expects to focus mostly...
March 2, 2004

NAIC President and South Carolina Insurance Director Ernst Csiszar says with Congress contemplating introducing legislation on federal oversight of insurance, he expects to focus mostly on Washington, D.C. this year. Speaking at the 2004 NAIC Commissioners' Conference in Washington, D.C., in early February, Csiszar commented on his priorities.

"This year we have to be focused on Washington, as Congress is contemplating introducing [federal oversight] legislation." He said whether potential legislation ultimately translates to a dual charter or a federal national standards approach, the NAIC must have a strong voice on Capitol Hill built around emphasizing current state regulatory modernization efforts. "I personally believe that a year is a very short period, but I fully intend to spend most of my time focusing on the issues and relationships here in Washington," Csiszar said.

"The three prongs to modernization include speed-to-market, meaning product standards; the second is the interstate compact; and the third prong is the solvency area in which we need to show some progress," said Csiszar.