I thank the gentleman, and I commend him for paying attention to a very specific but very important point. He is absolutely right. We have no intention here of disturbing the well-run State insurance regime. We respect and honor that form of the mutual insurance holding company. The gentleman's interpretation is entirely correct. They will remain subject to resolution under their existing State insurance liquidity and insolvency regimes.
Barney Frank: “I thank the gentleman, and I commend him for paying attention to a very specific but very important point. He is…”
On the recordJune 30, 2010
Editor's note · Context
The speaker addresses the importance of maintaining state insurance regulations.
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