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NAIC Requests Balanced Approach to Insurance Regulation at Hearing

National News • June 16, 2005
The National Association of Insurance Commissioners (NAIC) testified on Thursday before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises regarding the impact of ...

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Subject: RE: Good to hear a case for rational regulation

Posted On: June 17, 2005, 1:09 pm CDT
Posted By: IndAgent
Comment:
I coudn't agree with you more. It is amazing how some agents have come here and praised people like Elliot Spitzer, little do they know how much better a free competitive market works then some over regulated market that forces insurance companies to pull out of these markets.

You can take California Commissioner John Garamendi as an example. His first term, he overregulated that forced a huge amount of companies out of the California market. He lost re-election to a republican. He eventually got himself elected again and he is the current commissioner for California. This term, he learned and has not crossed the line, he learned how distructive overregulation can be!

PS. Do not forget to take stab at my grammar!!!
Subject Posted By Posted On
NAIC Tries to Justify Tangled and Inefficient Status Quo Funkie
Jun 17, 2005, 5:28 pm
RE: Good to hear a case for rational regulation IndAgent
Jun 17, 2005, 1:09 pm
Good to hear a case for rational regulation Don P
Jun 17, 2005, 12:55 pm
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