GARY G. MILLER: “The rules being proposed are bank-centric and do not take into account the fundamental differences between how banks and…”

For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.

I have always had a problem with the way they were fundamentally flawed. You had a hybrid situation where the private sector made all the profits, and the taxpayers took all the risk, which was problematic from the beginning.

We are starting to see a rebound in the housing market, and that is really important to the economic recovery of this country and for job creation.

I enjoyed your opening statement. You talked about empowering consumers, fair, transparent, and competitive marketplaces, and dealing with bad actors.