Alert October 18, 2011

Federal Insurance Office Seeks Public Comment on Modernization, Improvement of Insurance Regulation

The Federal Insurance Office (“FIO”) created as part of the Department of the Treasury by the Dodd-Frank Act announced that it is seeking public comment to assist it in conducting a study on how to modernize and improve the system of insurance regulation in the United States.  The topics for comment listed in the FIO’s formal request for comment published in the Federal Register largely track the considerations for the study specified by the Dodd‑Frank Act.  Comments must be submitted no later than December 16, 2011.  The FIO must deliver its study to Congress by January 21, 2012.