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NAIC to Meet in Anaheim, CA December 6-9

The National Association of Insurance Commissioners (NAIC) will hold its end-of-year meeting later this week. Following a keynote address by TV and radio personality Art...
December 2, 2003

The National Association of Insurance Commissioners (NAIC) will hold its end-of-year meeting later this week. Following a keynote address by TV and radio personality Art Linkletter, high on the agenda is the election of NAIC officers. Mike Pickens, Commissioner of Arkansas, will step aside as president. Ernst Csiszar, Insurance Director for South Carolina and current NAIC vice president, is seeking to be elected President. Jim Poolman, North Dakota commissioner, is running for vice president. Oregon Insurance Administrator Joel Ario will be running for a second term as secretary-treasurer. Administrator Ario may be challenged by Oklahoma Commissioner Carroll Fisher for secretary-treasurer; possible challengers have not yet announced for the other two positions.

Several topics that will be taken up by NAIC will be of interest to PIA members.  These include:

  1. Producer licensing model implementation issues;
  2. Producer continuing education standardization;
  3. Fingerprinting of producers;
  4. Possible disparate impact project regarding insurance scoring;
  5. Speed-to-market;
  6. Regulatory modernization;
  7. Market Conduct;
  8. Insurance regulation compact standards;
  9. Anti-fraud projects; and
  10. Coordination with representatives from the National Conference of Insurance Legislators (NCOIL) and the National Conference of State Legislators (NCSL).

Many of these issues are similar to the ones discussed at NCOIL's meeting last month and to be discussed at the NCSL's meeting later this month.

What It Means to Agents:  Issues that are agreed upon at NAIC meetings are likely to be raised in legislative or regulatory actions next year in the states. NAIC, NCOIL and NCSL each feel increasing congressional pressure to improve state regulation of insurance quickly and effectively, under the threat of Congress stepping in to exercise its powers to regulate insurance and voiding the McCarran-Ferguson Act. PIA National will attend theNAIC meetings and keep you posted on what transpires.