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State Insurance Legislators to Meet, PIA Will Attend

The National Conference of Insurance Legislators (NCOIL) will meet March 7-9 in Savannah, Georgia...
March 6, 2014

The National Conference of Insurance Legislators (NCOIL) will meet March 7-9 in Savannah, Georgia. David M. Eppstein, assistant vice president of regulatory affairs for PIA National will represent PIA. Legislators, led by state Representative Greg Wren (AL), will discuss a number of issues, including implementation of the Affordable Care Act (ACA) and insurance exchanges.

The NCOIL Health, Long-Term Care & Retirement Issues Committee, chaired by state Representative Pete Lund (MI), will receive a report on state-based health exchange progress. PIA continues to advocate for utilization of independent insurance agents in healthcare, and we are also guarding against further reductions in producer compensation.

The legislators will also focus on health underwriting and premiums during their general session entitled, “Putting a Premium on Health: The Affordable Care Act & Underwriting.” The NCOIL legislators are also scheduled to discuss the Federal Insurance Office’s (FIO) report on regulatory modernization, producer licensing, workers compensation insurance and flood insurance.

The Property-Casualty Insurance Committee, chaired by state Representative Matt Lehman (IN), will discuss the National Flood Insurance Program’s (NFIP’s) flood insurance availability/affordability and long-term reforms. PIA has consistently advocated for actuarially sound rates to help strengthen the flood program. We also advocate for measures to help relieve the NFIP’s massive debt. Legislators will also discuss state so-called “no pay, no play” laws which prohibit uninsured drivers from receiving non-economic damages following an accident. The laws are designed to reduce costs, discourage fraud and promote fairness.

The committee will also discuss consumer legal funding concerns, including a proposal from Indiana that would cap the rates that consumer legal funders could charge and one in Tennessee that would treat consumer legal financing as an investment.

The Workers’ Compensation Insurance Committee, chaired by state Representative William Botzow (VT), will receive a report on the Georgia workers’ compensation insurance system and discuss a proposed model law on farm laborer coverage. The legislators are also expected to continue their discussion on best practices to address opioid abuse, as well as their dialogue on regulatory reforms related to professional employer organizations.

The International Insurance Issues Committee, chaired by Senator Dan “Blade” Morrish (LA), will receive updates on international regulatory initiatives such as Solvency II and ComFrame. They will also discuss accounting standards, the Trans-Pacific Partnership (TPP) and U.S.-EU trade negotiations.

The Financial Services & Investment Products Committee, chaired by state Representative Tommy Thompson (KY), will receive a report on the White House Cyber-Security Framework, municipal bond insurance developments and discuss force-placed insurance issues.

NCOIL is the voice of state legislators in Washington, D.C.in the face of mounting federal initiatives to preempt state insurance regulation. Many legislators active in NCOIL chair or are members of the committees responsible for insurance in their respective state houses across the country.