Category: National News

  In continuing discussion on “The Life Insurance Consumer Disclosure Model Act (‘Model Act’),” via teleconference on September 24, 2010, the National Conference of Insurance Legislators (“NCOIL”) Life Insurance and Financial Planning Committee (the “Committee”) reversed its prior approval of …

  After having cited constitutional issues as the reason the State of Florida would be unable to join the proposed Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”), the Florida Office of Insurance Regulation, represented by its General Counsel, Steve Parton, …

  A National Association of Insurance Commissioners (“NAIC”) public hearing on a proposed risk classification data call and other risk classification tools for personal auto insurance has been scheduled for September 30, 2010 in Kansas City, Missouri.  To access the proposed …

  The National Conference of Insurance Legislators (“NCOIL”) Life Insurance and Financial Planning Committee (“Committee”) met via teleconference on September 13, 2010 to continue its review of “The Beneficiaries’ Bill of Rights (‘BBR’),” a proposed model law that would regulate …

  Citing possible constitutional issues with compacting as the reason behind her statement that Florida would not join the proposed Surplus Lines Insurance Multi-State Compliance Compact (“SLIMPACT”), Florida Office of Insurance Regulation Deputy General Counsel Susan Dawson reviewed the State’s …

  Chaired by Georgia Senator Ralph Hudgens, the National Conference of Insurance Legislators (“NCOIL”) Life Insurance and Financial Planning Committee (“Committee”) held a teleconference on September 13, 2010 to discuss a proposed Model Act that would require life insurers to …

  Chaired by U.S. Senator Ralph Hudgens (R-GA), the National Conference of Insurance Legislators (“NCOIL”) Life Insurance and Financial Planning Committee (“Committee”) held a teleconference on September 8, 2010 to discuss a proposed Model Law that would regulate the disclosure, …

    In advance of a September 13, 2010 National Association of Insurance Commissiners (“NAIC”) teleconference on surplus lines reform implementation, the National Conference of Insurance Legislators (“NCOIL”) urged the use of the proposed Surplus Lines Insurance Multi-State Compliance Contract …

  The National Association of Insurance Commissioners held its Summer 2010 National Meeting during August 14-17 in Seattle, Washington.  Below are highlights of the various committee meetings that took place during the event. To view the NAIC’s official meeting summary …

  Pursuant to the Nonadmitted and Reinsurance Reform Act in Title V of H.R. 4173, the Dodd-Frank Act of 2010, the National Association of Insurance Commissioners (“NAIC”) has created the new Surplus Lines Implementation Task Force (“SLITF”) that will develop …