Edward Royce actually said...

"State regulators and most certainly the NAIC are structurally and constitutionally incapable of representing U.S. insurance interests abroad."

"Discussions on international insurance regulation always bring us back to the lack of uniformity in the State-based system."

"What was contemplated at the time was not simply adding another Federal voice to international discussions regarding insurance issues."

"The Federal Insurance Office was created to solve a problem."