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.

On the recent ruling on Basel III, you acknowledge insurance companies are very different from banks, and you postponed any negative decision on that. I think that was a very, very wise move.

I would be concerned that the proposed rules do not take into account the different business models and risk profiles of insurance companies.

To preserve the countercyclical role, FHA must lessen taxpayer exposure.