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November 22, 2004

NAIC's Proposed Boost In Budget Surplus Leaves Trade Groups Wondering Why

It only took an hour-long conference call Wednesday for members of the National Association of Insurance Commissioners to answer testimony by insurance trade groups representatives regarding the NAIC's proposed 2005 budget.

At the end of the day, however, some trade group representatives said they were no better informed after the meeting than before. In all, 11 groups submitted testimony at the budget hearing, including the National Association of Mutual Insurance Companies; the American Insurance Association and the Property Casualty Insurers Association of America.

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Posted by Tom Troceen