|FOR IMMEDIATE RELEASE:||CONTACT: CHRISTI HARLAN|
|Monday, April 10, 2000||202-224-0894|
Sen. Rod Grams, R-Minn., chairman of the Subcommittee on Securities, has announced an oversight hearing on Section 321 of the Gramm-Leach-Bliley Act, which deals with insurance regulation. The hearing will focus on states' flexibility in multi-state licensing reforms and creation of the National Association of Registered Agents and Brokers.
"Of all the provisions in the Gramm-Leach-Bliley Act, the NARAB provision will be among the most challenging to implement," Grams said. "Implementation will require cooperation among numerous parties, including the state legislatures of more than half the states. For that reason, this week's hearing will be important to assure that appropriate steps are being taken"
10:00 a.m., Wednesday, April 12
Room 538 Dirksen Senate Building
Terri M. Vaughan
Iowa Commissioner Of Insurance
Secretary-Treasurer, National Association of Insurance Commissioners
National Conference of Insurance Legislators
Robert A. Gleason, Jr.
Council of Insurance Agents and Brokers
Ronald A. Smith
Independent Insurance Agents of America