You are here:HomeNews CenterInsurance News2011NAIC Holds Summer Meeting Aug. 27-Sept. 1, PIA to Participate

NAIC Holds Summer Meeting Aug. 27-Sept. 1, PIA to Participate

The National Association of Insurance Commissioners (NAIC) will hold its summer meeting August 27 through September 1 and PIA will participate. The NAIC will host...
August 23, 2011

The National Association of Insurance Commissioners (NAIC) will hold its summer meeting August 27 through September 1 and PIA will participate. The NAIC will host a program for state legislators, as they try to foster more cooperation. The August 28 session will provide state lawmakers with an overview of the NAIC, including committee structure, charges, the model law process, products and services, the NIPR and IIPRC. Legislators are also encouraged to attend the NAIC/State Government Liaison Committee meeting to discuss issues of mutual concern. Among other committee meetings:

The NAIC's Government Relations Leadership Council will meet to discuss federal legislative and regulatory developments on matters impacting insurance regulation such as the federal Patient Protection and Affordable Care Act (PPACA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act. The regulators are also expected to discuss the federal debt ceiling debate, extension of the National Flood Insurance Program (NFIP) and producer licensing reform efforts. The Producer Licensing Task Force will continue its discussion on ways to simplify and create greater uniformity within the business entity licensing process.

The NAIC's Health Insurance and Managed Care Committee consider adoption of the Committee's task force and subgroup reports, which include activities related to the PPACA health reform implementation.

The NAIC Property and Casualty Insurance Committee will continue to discuss a model law regarding a regulatory framework for credit scoring information vendors. The committee will also discuss NFIP reauthorization efforts.

The NAIC's Crop Insurance Working Group will discuss federal preemption for adjuster licensing, potential updates to the Crop Insurance Handbook and receive updates from the Risk Management Agency and National Crop Insurance Services. The Earthquake Study Group will receive a presentation on the Insurance Services Office (ISO) Building Code Effectiveness Grading Schedule.

The NAIC's Surplus Lines Task Force will discuss reporting and eligibility implications to surplus lines insurers resulting from implementation of the nonadmitted insurance subtitle of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act. A status update on state activities related to collection of surplus lines taxes will be provided.