Office of National Insurance: Subverting Democracy?
Proponents of NAFTA-style trade agreements are trying to pull a fast one on us by sneaking some devastating provisions into the Senate financial reform bill. Right now there is language in the bill that creates an Office of National Insurance (ONI) within the Treasury Department that would strike down state insurance policies if the ONI believes that they violate trade agreement rules. The ONI would also be able to negotiate and approve new agreements that give foreign insurers greater rights without having to ask for approval from Congress first. Senator Jeff Merkley is leading the charge with an amendment to the bill that would prevent this dangerous seizure of state and congressional authority. Click here to urge your Senator to support Merkley’s amendment.
Think this is something that only threatens states like
Great-West Lifeco Inc., based in
Cunningham Lindsey Group Inc., based in
Willis Group Holdings Limited, based in the
In fact, there are foreign insurance companies in every
state in the