Office of Thrift Supervision Director Ellen Seidman assured state insurance commissioners Monday that her agency is not gunning for their jobs.

"OTS is not in the business of regulating or overseeing the insurance activities of insurance companies," Ms. Seidman said. "We are striving for cooperative functional regulation."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.