The insurance industry may soon have a voting member on the Financial Stability Oversight Council (FSOC) after Former Treasury Official and Kentucky Insurance Commissioner S. Roy Woodall was nominated by President Obama and Treasury Secretary Timothy Geithner for the post this weekend.

If confirmed by the Senate, Woodall will join two non-voting insurance members on the FSOC: National Association of Insurance Commissioners representative and Missouri Insurance Director John Huff and Michael McRaith director of the newly created Federal Insurance Office.

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