Regulators Seek Better Oversight of Retained Assets
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U.S. insurance watchdogs need to improve oversight of life insurer accounts that allow companies to retain death benefits and profit on the funds, state regulators said today.
“Obviously this is not a topic we’ve been spending a lot of time on,” said Susan Voss, president-elect of the National Association of Insurance Commissioners, in an interview today at Bloomberg headquarters in New York. “That’s not to say that we can’t do a better job.”