Thank you for your position and for articulating it on our behalf. I encourage all NAMIC companies to share this positon with their members of Congress.
As a formner regulator who was involved with the liquidation of a mutual insurance company, I would favor at least requiring a minority of “outside” board members for mutuals. A few thoughtful questions and suggestions from outside business persons could very well have saved policyholders from a lot of grief.
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Thank you for your position and for articulating it on our behalf. I encourage all NAMIC companies to share this positon with their members of Congress.
As a formner regulator who was involved with the liquidation of a mutual insurance company, I would favor at least requiring a minority of “outside” board members for mutuals. A few thoughtful questions and suggestions from outside business persons could very well have saved policyholders from a lot of grief.