In their letter, CFA and CEJ asked the regulators to answer three questions:
1. What is your evaluation of the recent changes in tax laws on insurer profitability by line and what is the basis for your conclusions?
2. What actions are you taking in the next month to cause insurers to reduce rates to reflect the windfall from tax changes and to ensure rates return to not excessive levels?
3. Will you support an effort by the NAIC [National Association of Insurance Commissioners] to revisit the changes made to accounting for deferred tax assets from a few years ago?