WASHINGTON – The Treasury Department’s Federal Insurance Office today announced that it is seeking public comment for its report, mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, on how to modernize and improve the country’s insurance regulatory system. The Federal Register Notice published today seeks comments from policyholders, experts, consumer groups, state insurance regulators, insurance industry representatives and all other interested parties.
The Federal Insurance Office monitors all aspects of the insurance industry, including identifying issues contributing to systemic risk.
The Federal Insurance Office also monitors the
availability and affordability of insurance to traditionally underserved populations; advises the Secretary on major domestic insurance policy issues; and develops and coordinates federal policy on international insurance regulatory matters.
To view the notice, click here
The comment period closes 60 days after the Notice’s date of publication in the Federal Register.