The FIO's continued existence is a dangerous threat to the state insurance regulatory system. (Photo: Shutterstock Support for state insurance regulation needs action, not words
The FIO has continuously tried to increase its duties and expand the role of the federal government in insurance.
May 06, 2019 at 01:00 AM
5 minute read
The original version of this story was published on Law.com
In 2010, advocates of federal insurance regulation created the Federal Insurance Office (FIO) as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). After proponents of an expansive role of the federal government in insurance regulation failed in their efforts to create a stronger office, the newly created FIO was given a limited mandate.
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