PIA: Threat to State Regulation Is Alive and Well
PIA believes it remains necessary to stay vigilant against measures that would expand the role of the federal government into insurance regulation.
Some may have thought that Republican control of Congress and the White House would lessen the risk of federal insurance regulation. In truth, even with GOP majorities in both chambers, and with a Republican in the White House, the 115th Congress took steps that threatened the successful state insurance regulatory system.
“The lesson that should be learned from this experience is that, regardless of which party controls Congress, it is always necessary to stay vigilant to defeat measures that would expand the role of the federal government in the regulation of insurance,” wrote PIA National’s vice president of government relations Jon Gentile in an article for the National Underwriter.
“PIA will continue to stand up against either party, on any issue, that seeks to erode the successful system of state insurance regulation to the disadvantage of independent insurance agents and consumers,” Gentile said.