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Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Hearing
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Examining Proposals on Insurance Regulatory Reform
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Wednesday, April 16, 2008, 2:00 p.m., 2128 Rayburn House Office Building
Capital Markets
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Financial Services Subcommittee Examines Proposals on Insurance Regulatory Reform
Washington, DC—Congressman Paul E. Kanjorski (D-PA), Chairman of the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the Subcommittee will hold its third in a series of hearings on insurance regulatory reform on Wednesday, April 16 at 2:00 p.m. This hearing will examine a variety of proposals to address insurance regulatory reform.
“Our previous two hearings considered the need for insurance regulatory reform,” said Chairman Kanjorski. “At this upcoming hearing, witnesses will discuss a variety of state and federal proposals on reform. We will hear from two panels comprised of government and private witnesses respectively. It is my belief that Congress should take action on insurance regulation, and I look forward to hearing the recommendations of our witnesses.”
“This hearing provides an important opportunity for Congress to review various proposals to improve regulatory efficiency and help make insurance more affordable for consumers and policyholders,” said Congresswoman Pryce (R-OH), Ranking Member of the Subcommittee. “In particular, I look forward to hearing about efforts to improve consumer protections by addressing any unscrupulous practices in the marketplace.”
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Witness List & Prepared Testimony:
Panel One
- The Honorable David G. Nason, Assistant Secretary for Financial Institutions, Department of the Treasury
- Mr. Eric Dinallo, Superintendent, Department of Insurance, State of New York on behalf of the National Association of Insurance Commissioners
Panel Two
- Mr. Lawrence H. Mirel, Partner, Wiley Rein LLP on behalf of the Self Insurance Institute of America
- Mr. Alastair Shore, Senior Vice President and Chief Underwriter, CUNA Mutual Group on behalf of the American Council of Life Insurance and the American Insurance Association
- Mr. Thomas J. Minkler, CIC, President, Clark-Mortenson Agency, Inc. on behalf of the Independent Insurance Agents and Brokers of America
- Ms. Frances Arricale, Executive Director, Interstate Insurance Product Regulation Commission
- Ms. Donna Pile, CIC, CPIW, CPIA, Managing Partner, A. G. Perry Insurance Agency on behalf of the National Association of Professional Insurance Agents
Available Member Statements: Chairman Kanjorski, Congressman Bachus
Printed Hearing: 110-107
Related Documents:
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