Like many, National Association of Insurance Commissioners’ CEO Therese Vaughan found plenty to like in the recent financial services reform blueprint released by the Obama administrations.

“The general structure that the administration proposed is one that is consistent with our principles,” Vaughan told reporters at a press briefing. “What’s particularly important is that it preserves the concept of functional regulation. It recognizes that you need specialists that recognize the unique characteristics of the insurance sector.”

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