Washington's watchdogs.(Regulation: Federal Government)(United States. Congress. Senate)(United States. Congress. House) From: Best's Review | Date: November 1, 2007 | COPYRIGHT 2007 A.M. Best Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Congress creates laws and funding to implement policy through these agencies:

U.S. DEPARTMENT OF THE TREASURY (www.ustreas.gov)

* Office of the Comptroller of the Currency (www.occ. treas.gov) Regulates banks' insurance powers

* Internal Revenue Service (www.irs.gov) Enforcement authority includes treatment of life and savings products; taxation of mutual vs. stock companies; captive insurers; taxation of brokers' income earned overseas; and offshore insurers.

* Office of Thrift Supervision (www.ots.treas.gov) Regulates thrifts established by insurers.

* ...

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