On the recordJune 15, 2009
No one that is advocating for a national insurance charter in any way is suggesting that we lower consumer protections.
Source
congress.govNo one that is advocating for a national insurance charter in any way is suggesting that we lower consumer protections.
Clarifies that advocates for national insurance charter aim to enhance, not reduce, consumer protections.
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More from Melissa L. Bean
The collapse of AIG, the world's largest insurer, has proven to be one of the most costly and dangerous corporate disasters in our Nation's financial history.
I believe the subcommittee should move a comprehensive bill that establishes Federal regulation of all lines of insurance, property and casualty, reinsurance, and life.
The AIG insurance company is solvent. They got additional capital through this latest round but it did not take an insolvent company and make it solvent.