INSURANCE COMMISSION
FORMS CONSUMER ADVISORY COMMITTEE
Applications Now Being Accepted
Lansdowne, Va. (Nov. 16, 2006) The Interstate Insurance Product Regulation
Commission (Commission) is accepting applications for its newly
formed eight-member Consumer Advisory Committee. During the
Commission’s Annual Meeting today at the Lansdowne Resort in
Lansdowne, Va., the Commission’s Management Committee agreed to
solicit applications from consumer advocates interested in serving
in an advisory role to the Commission.
“Strong consumer protection is the backbone of this interstate
commission,” said Diane Koken, Management Committee Chair and
Pennsylvania Insurance Commissioner. “As the Commission implements
its operations and considers uniform national standards, it is
important to engage other consumer organizations and those they
represent.”
To be considered for appointment to this Advisory Committee,
please submit a letter and resume describing your qualifications and
reasons for your interest. Information should be sent via email to
info@insurancecompact.org
by Dec. 15, 2006.
The Consumer Advisory Committee is expected to be announced by
the end of the year. Designated travel expenses incurred by members
of the Consumer Advisory Committee to Commission meetings and/or
hearings will be paid.
For more information about the Commission, visit www.insurancecompact.org.
About the Commission
Currently, 28 members
have joined the Interstate Insurance Product Regulation Commission.
The compacting members are Alaska, Colorado, Georgia, Hawaii, Idaho,
Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts,
Minnesota, Nebraska, New Hampshire, North Carolina, Ohio, Oklahoma,
Pennsylvania, Puerto Rico, Rhode Island, Texas, Utah, Vermont,
Virginia, Washington, West Virginia and Wyoming.
The Commission enables state regulators to develop uniform
national standards for asset protection insurance products, such as
life insurance, annuities, disability income and long-term care
insurance. The Commission establishes a central filing point for
these insurance products, enhancing the speed and efficiency of
regulatory decisions and allowing companies to compete more
effectively in the modern financial marketplace while continuing to
provide protection for consumers. |
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