Analysis of Insurance Competitive Pricing Act of 1989 by National Association of Insurance Commissioners

October 24, 1989

ATIACHMENTEIGHT-B

• The National Association of lnsurance Commissioners has traditionally opposed any modification of the McCarran-Ferguson Act, 15 U .S.C. Sec. 1011 et seq. that would adversely affect the states' ability to properly oversee the insurance industry.
• The amendments to McCarran proposed by Representative Jack Brooks (D-Texas) may encumber the states' abilities to provide responsible oversight of the insurance industry.

The following discussion attempts to focus on how the Brooks bill, referred to as the "Insurance Competitive Pricing Act of 1989" H.R. 1663, would affect state regulation. (p72)

1990-1, NAIC Proceedings