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PIA Attends NCOIL Annual Meeting

The National Conference of Insurance Legislators (NCOIL) held its Spring National Meeting on Feb. 26-28 in Little Rock, Arkansas....
March 10, 2016

The National Conference of Insurance Legislators (NCOIL) held its Spring National Meeting on Feb. 26-28 in Little Rock, Arkansas.  The meeting was led by NCOIL’s new slate of legislative leaders, including President/IN Sen. Travis Holdman, Vice President/KY Rep. Steve Riggs, Secretary/AR Sen. Jason Rapert, and Treasurer/VT Rep. Bill Botzow. It was also the first national meeting held since the identification of NCOIL’s new CEO, Tom Considine, a former New Jersey insurance commissioner, and new Executive Director Paul Penna.

The meeting’s General Session featured a panel discussion that sought to define and then identify barriers to auto insurance affordability. Some concern was expressed about the Federal Insurance Office’s (FIO) recent involvement in this this issue, in the context of a possible need to reaffirm the states’ existing role in regulating auto insurance. PIA will continue to monitor the FIO’s engagement on this issue to ensure that it does not attempt to usurp the regulatory authority of the states.

NCOIL-NAIC Dialogue: During the NCOIL-National Association of Insurance Commissioners (NAIC) Dialogue session, it was noted that the NAIC Cybersecurity Task Force is developing an insurance data security model law (the first draft of which was exposed for comment last week, after the NCOIL meeting had concluded).  PIA plans to provide comments on the NAIC draft model law later this month.

During the Workers’ Compensation Insurance Committee meeting, the status of the NCOIL professional employer organization (PEO) model law was discussed; the model has been final for several years but has not been adopted by any states. No changes were made to the PEO model during this meeting.  Committee members also discussed the opt-out workers’ compensation alternative systems that have cropped up in TX and OK.  On Feb. 25, the optional feature of the OK statute was ruled unconstitutional by its Workers’ Compensation Commission, so OK legislators will have to amend that part of the law, unless the decision is overturned on appeal.

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