On the recordJune 30, 2010
I would like to ask the gentleman from Massachusetts to engage in a short colloquy. Mr. Chairman, I would like to confirm that all insurance companies, specifically mutual insurance holding companies, are included in the definition of ``insurance company'' that appears in the Resolution Authority title of the conference report. Further, I would like to confirm my understanding that, under title II of the conference report, all insurance companies, specifically including mutual insurance holding companies, remain subject to resolution under the existing State insurance insolvency and liquidation regimes. Will the chairman confirm my understanding on this point? I yield to Chairman Frank.
Source
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