Barr: Preemption Still In FIO Proposal - Regulatory, Legislative and Tax Issues - Life and Health Insurance News

The Treasury Department believes any Federal Insurance Office legislation will let the FIO preempt state laws that conflict with international trade agreements on the sale of insurance.

Michael Barr, assistant secretary of the Treasury for financial institutions, gave that assessment Thursday in Washington at an ALI-ABA Conference on Life Insurance Company Products.

http://www.lifeandhealthinsurancenews.com/News/2009/11/Pages/Barr-Preemp...

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