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NAIC Summer Meeting Begins This Week

The National Association of Insurance Commissioners summer 2014 National Meeting will take place in Louisville, Kentucky, from Thursday, August 14 to Tuesday, August 19...
August 13, 2014

The National Association of Insurance Commissioners (NAIC) summer 2014 National Meeting will take place in Louisville, Kentucky, from Thursday, August 14 to Tuesday, August 19. Issues relevant to independent agents are on the agenda, including:

Auto-Insurance Affordability: The Auto Insurance Study Group will discuss the Federal Insurance Office’s (FIO’s) ongoing review of auto-insurance affordability issues.

Crop Insurance: The NAIC Crop Insurance Working Group will discuss private crop insurance and federally subsidized index-based weather insurance programs.

Producer Licensing: The NAIC Producer Licensing Task Force will consider adoption of its final recommendations on which additional jurisdictions should be certified as meeting the heightened licensing reciprocity standards of the Gramm-Leach-Bliley Act and will discuss licensure requirements for selling contingent deferred annuities. The NAIC Producer Licensing Working Group will discuss suggested revisions to the State Licensing Handbook and state implementation of the uniform licensing standards in adjuster licensing and continuing education.

Ride-sharing Issues: The NAIC Center for Insurance Policy and Research will hold a panel discussion on the ambiguity around insurance coverage provided through ride-sharing companies.

Terrorism Insurance: The Terrorism Insurance Working Group will discuss the reauthorization of the Terrorism Risk Insurance Act (TRIA) and potential revisions to policyholder disclosures.

Questions regarding the NAIC can be directed to Jennifer Webb, PIA National counsel & director of regulatory affairs at jennwe@pianet.org.