Senator Magnuson in one hearing made a comment that I think is germane.

• Maybe these hearings might have an effect on the states doing their job, and that is I think the description of the way that many in Congress feel that it exercises oversight of the insurance or of the regulation of insurance.

Mr. Reider mentioned another primary example: the hearings by Congressman Dingell.

• He started holding hearings, which I was first associated with in 1989.

--  Dr. Lawrence D. Cluff - Director of Financial Institutions and Marketing at the U.S. General Accounting Office (GAO)

1999 - SOA - How Well Has State Regulation of Life Insurance Served the Marketplace?, Society of Actuaries - 16p