Washington — The creation of a federal Office of Insurance Information (OII) is much closer to reality after a vote this week in a House subcommittee. The Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises sent H.R. 5840, the Office of Insurance Information Act to full committee.
As expected, the move is garnering mixed action. Proponents of the bill, who view it as necessity to harmonize U.S. regulations with international standards, are praising it.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access