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NCSL Approves Statement of Principles for the Regulation of Property and Casualty Insurance
On July 22, 2003, during the National Conference of State Legislators' (NCSL) annual meeting, NCSL's Executive Committee approved a "Statement of Principles for the Regulation...
NAIC Launches ASSURE Website
Last week the Alliance for Sound State Uniform Regulatory Efficiency (ASSURE) announced the launch of its new website, www.assureusa.org . ASSURE is the organization established...
Carriers Express Concern About FCRA Amendment
Insurers are expressing concern about an amendment tacked on last week to legislation reauthorizing the Fair Credit Reporting Act (FCRA). On July 16, the House...
Carriers Say Federal Class Action Lawsuits Could Supplant State Regulation of Insurance
Last week, the Alliance of American Insurers (Alliance), the American Insurance Association (AIA), the National Association Independent Insurers (NAII), and the National Association of Mutual...
California Becomes 16th State to Accept Electronic Non-Resident Licenses Under NIPR
California has become the 16th state to accept electronic non-resident producer applications, as part of the National Producer Licensing Registry (NIPR). The other states are:...
PIA Vows Aggressive Opposition to Hollings Bill to Federalize Insurance Regulation
WASHINGTON, July 18, 2003 - The National Association of Professional Insurance Agents (PIA) will actively oppose legislation introduced by Sen. Ernest "Fritz" Hollings (D-South Carolina)...
NCOIL Gets Report on Adoptions of its Insurance Scoring Model
NCOIL received a report on the status of its Model Act Regarding Use of Credit Information in Personal Lines, i.e. insurance scoring legislation. NCOIL staff...
Mark-Up of FCRA Bill Scheduled This Week
The Financial Services Subcommittee on Financial Institutions and Consumer Credit has scheduled a mark-up of Fair Credit Reporting Act (FCRA) legislation, H.R. 2622, for Wednesday,...
Sen. Hollings Introduces Bill to Create Federal Regulation of Insurance
Senator Ernest "Fritz" Hollings (D-South Carolina) has introduced legislation that would create federal regulation of insurance. Hollings' bill, S. 1373, The InsuranceConsumer Protection Act of...
NCOIL Discusses Regulatory Proposals
The primary focus at the just-completed meetings of the National Conference of Insurance Legislators (NCOIL) July 10-13 was on maintaining state regulation of insurance and...