Research Resources Needed

  • Federal Government doesn't know about insurance
  • OFR / FIO
  • Woodall / Schwarcz - ALI Video - Young Scholars - Youtube
  • Kanjorski - Office of Insurance Information>>
  • NAIC
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Mr. ROSS. Would that be why the GAO report, then, explains that there is insufficient staff support for these insurance people who are on the committee?
Mr. GERETY. The Council has three members with insurance expertise—
Mr. ROSS. But you agree that the GAO report indicated that they have insufficient staff support? Is that true?
Mr. GERETY. So—
Mr. ROSS. Ms. Clowers, is it true that your report indicates that?
Ms. CLOWERS. Right—in our report we note that the insurance representative, for example, doesn’t have the entire agency as the other member agencies would have to draw on those resources.
Mr. ROSS. Mr. Gerety, has the Council gone out to the National Association of Insurance Commissioners to ask for advice and guidance as recommended by Dodd-Frank?
Mr. GERETY. The Council has on its membership, as you know, three—
Mr. ROSS. I know it has the membership, but has it gone out? Has it reached out to the public? Has it reached out to any associations with expertise for guidance in terms of trying to determine whether insurance companies are going to be systemically important financial institutions?
Mr. GERETY. Congressman, it has reached out, both to the public and to insurance experts—
Mr. ROSS. Are there any records of that?
Mr. GERETY. Yes, sir, absolutely. The—
Mr. ROSS. Are there just minutes or are there records?
Mr. GERETY. The non-bank designations process took—made an affirmative decision to go through a rulemaking and get public comment, not just on an ANPR, an advanced notice of proposed rulemaking, but on two separate proposed rulemakings.

2014 0314 - GOV (House) - Who Is Too Big To Fail? GAO’s Assessment Of The Financial Stability Oversight Council And The Office Of Financial Research - Subcommittee on Oversight and Investigations - 103p

  • Office of Insurance Information
    • Kanjorski
    • H.R.2609 - Insurance Information Act of 2009

congress.gov/bill/111th-congress/house-bill/2609

 

  • 2008 0610 - GOV - H.R. 5840, THE INSURANCE INFORMATION ACT OF 2008 - [PDF-129p]
    • Kanjorski: As such, the Federal Government should have a deep knowledge base on the insurance industry.
      • We need to understand how the in dustry functions.
      • We need to ascertain its relationship to other sectors of the financial marketplace.
      • We need to appreciate its importance in our economy.
      • The establishment of an in-house information resource to address these issues will ultimately help us to construct better policies, better rules, and better laws.
    • From this conversation, I learned that there were only two staffers working on insurance issues at that time. In a time of crisis, this lack of in-house expertise was troubling.
  • Secretary GEITHNER. Would that be in the Treasury, that office?
  • Mr. KANJORSKI. Yes. In Treasury.
  • Secretary GEITHNER. We would not be opposed to that. Anything you can do to help us get more resources and talent in this area would be terrific.
  • Mr. KANJORSKI. Very good.

2009 0326 - GOV (House) - Addressing the Need for Comprehensive Regulatory Reform - [PDF-64p, No Video??]

  • naic.softlinkillumin.net/knowledgebase/#/home
    • Life Insurance Illustrations Model Regulation Research - [link]
    • Finding comment letters/discussion/attachments in Proceedings - [link]
    • Model Regulation 582: Life Insurance Illustrations - [link]
    •  References in the Proceedings - [link]

    • Comparison of state DOIs - budgets, org charts, employment info - [link]

    • Educational resources on insurance basics - [link]