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Insurance 'compact' moves ahead despite consumer objections.

Publication: Trial
Publication Date: 01-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Although the National Association of Insurance Commissioners (NAIC) faced significant opposition to its Interstate Insurance Product Regulation Compact from consumer groups and over 40 state attorneys general who raised serious concerns about its constitutionality, the compact goes forward.

The "commission" that will implement the compact is responsible for establishing uniform product standards for several lines...

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