US Treasury To Create Insurance Advisory Committee

Law360, New York (May 9, 2011, 7:42 PM EDT) -- The U.S. Department of the Treasury announced Monday plans to create a Federal Advisory Committee on Insurance to provide guidance to the new Federal Insurance Office on state insurance regulations and other industry matters.

Half of the committee's members will be reserved for state and tribal insurance regulators, according to the department. Other members will be picked from the various insurance industries, the agent and broker community, public advocates, and academia, it said.

"Through the committee, the FIO and the Treasury will benefit from the deep...
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