Filed Under:Your Practice, Regulatory

Royce Demands FIO Probe of NAIC

Ed Royce, R-Calif. (AP Images)
Ed Royce, R-Calif. (AP Images)

A senior member of the House Financial Services Committee (FSC) today asked the Federal Insurance Office (FIO) to conduct a comprehensive review of the operations and structure of the National Association of Insurance Commissioners (NAIC).

The review is needed, Rep. Edward Royce, R-Calif. said, as a “necessary” threshold step “prior to having a comprehensive discussion on the future of U.S. insurance regulation” because the NAIC “currently labels itself” the "home of U.S. insurance regulation."

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Nichole Morford

Nichole Morford
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