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Mirel streamlines D.C. insurer licensing. (D.C. Dispatch).

Publication: National Underwriter Life & Health-Financial Services Edition
Publication Date: 23-DEC-02 		Format: Online - approximately 926 words
Delivery: Immediate Online Access
Full Article Title: Mirel streamlines D.C. insurer licensing. (D.C. Dispatch).(District of Columbia)

Article Excerpt
District of Columbia Insurance Commissioner Larry Mirel has hit upon a simple formula he believes can significantly streamline insurance regulation and is already putting his plan into action.

Mirel has issued a bulletin stating that effective Jan. 2, 2003, D.C. will accept the findings of regulators in other jurisdictions that an insurance company is fit to be licensed in the District.

Thus, if an insurer is licensed in another jurisdiction that meets certain requirements, D.C. will issue a license based on that fact.

Mirel says he believes this "mutual recognition process" can solve many of the problems currently facing state regulation.

Mirel tells National Underwriter that his plan is really not that different from the current driver's license system. Each state recognizes as valid a driver's license issued by another jurisdiction, he says. If drivers had to get...

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