12/03/2013
https://congress.gov...
"The Federal Insurance Office was created to solve a problem."
"What was contemplated at the time was not simply adding another Federal voice to international discussions regarding insurance issues."
"Discussions on international insurance regulation always bring us back to the lack of uniformity in the State-based system."
"State regulators and most certainly the NAIC are structurally and constitutionally incapable of representing U.S. insurance interests abroad."