Regulators Form Panels To Address Top Concerns.Five new NAIC NAIC See National Association of Investors Corporation (NAIC). working groups will develop a uniform approach to implementing provisions of the Gramm-Leach-Bliley Act The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed the Glass-Steagall Act, opening up competition . * Definition of Insurance: Defining insurance in light of such issues as debt-cancellation products. Chairman: Bill Kirven, Colorado commissioner. * Consumer Protection: Developing consumer-protection standards that can be applied uniformly. Chairman: Nat Shapo, Illinois commissioner. * Privacy: Creating rules governing consumer privacy provisions. Chairwoman: Kathleen Sebelius Kathleen Gilligan Sebelius (born May 15 1948) is currently serving as the forty-fourth Governor of Kansas.[1] She is the second female governor of the state of Kansas, and is currently chairwoman of the Democratic Governors Association. , Kansas commissioner. * Coordinating With Federal Regulators: Exploring all aspects of state cooperation with federal authorities. Chairwoman: Terri Vaughan of Iowa. * NARAB NARAB National Association of Registered Agents and Brokers (Insurance) : Tracking implementation of agent-licensing laws, creating an electronic-licensing system using the NAIC's Insurance Regulatory Information Network. Chairwoman: Vaughan. Four new groups will focus on streamlining state regulation. They are: * Market Conduct Issues: Evaluating the merits of establishing voluntary uniform national standards. Chairman: Steve Larson Steve Larson is currently the lead guitarist for Roger Clyne and the Peacemakers. His previous bands include Dialectrics and Dead Hot Workshop, which he formed in 1989 with Brent Babb. , Maryland commissioner. * Speed to Market: Developing uniform standards for policy form and rate filings and working on an electronic repository for filings. Co-chairs: Commissioners Frank Fitzgerald Frank Dwight Fitzgerald (January 27, 1885–March 16, 1939) was an American politician. He was elected as Republican governor of Michigan to two non-consecutive terms and was the only Michigan governor to die in office. , Michigan, and Diane Koken, Pennsylvania. * National Treatment of Companies: Developing a state-based system that provides the same efficiencies as a federal charter for insurers. Co-chairs: Commissioners George Nichols, Kentucky, and Betsy Costle, Vermont. * Financial Services Holding Company Analysis, Examination and Review: Studying implication of Gramm--Leach-Bliley on state regulatory authority and recommending changes for consistency with the functional regulatory system established in federal law. Co-chairs: Commissioners Jose Montemayor, Texas, and Al Gross, Virginia. |
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