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FIO Report Sets the Stage for an Active Year in Insurance Regulation

The December 12, 2013 Federal Insurance Office (FIO) report titled, "How to Modernize and Improve the System of Insurance Regulation in the United States,” with its proposed increased federal role in insurance regulation has been met with strong opposition from state regulators. Issues raised with direct federal involvement in regulation include greater engagement in supervisory colleges to monitor financial stability of insurers and reinsurance collateral requirements, among others.

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