Thursday, October 06, 2005

NAMIC Issues Action Alert on the Application OF Sarbanes-Oxley to Mutual Companies


Congressional leaders tell NAIC that federal SOX reforms were "deliberately" limited to publicly traded companies.

A recent exchange of correspondence between key members of Congress and the NAIC on applying elements of the Sarbanes-Oxley Act to non-public insurance companies has added strength to NAMIC's firm position in opposition to the regulators’ proposal.

See full Article.