Office of Insurance Regulation to Hold Public Hearing on Life Insurance Companies' Practices
9:30 am to Noon --- Morning Session
Noon to 1:30 pm --- Break
1:30 pm to 4:00 pm --- Afternoon Session
Investigative subpoenas were issued to MetLife, and to Nationwide. MetLife will testify first.
Public Officials: Commissioner Kevin McCarty (Florida), Commissioner Stephen Robertson (Indiana), Commissioner Adam Hamm (North Dakota), Lt. Governor & Director of Insurance Mary Taylor (Ohio), Commissioner Michael Consedine (Pennsylvania), Commissioner Julie McPeak (Tennessee), and representatives for Florida's Chieft Financial Officer, and for Florida's Attorney General.
Others Represented: The National Association of Insurance Commissioners (NAIC), and regulators from the following states: Alabama, Georgia, Iowa, Illinois, Louisiana, Maryland, Minnesota, Missouri, New Jersey, Okalahoma, and Virginia.
There will be a brief press availability with Commissioner McCarty and representatives from the NAIC during the lunch break. Location TBD.