Regulation - Criticism

But, meanwhile, the NAIC is failing, and the states, in many ways.

  • The NAIC has failed to do anything about unsuitable sales of insurance in any line of insurance.
  • They haven’t fixed the marketconduct mess the GAO has recently commented upon.  (p23)

- - J. Robert Hunter, Director of Insurance, Consumer Federation of America 

2003 1022 - GOV - Federal Involvement in the Regulation of the Insurance Industry, aka Insurance Industry Regulation