Category: Legislative Updates

U.S. House Financial Services Subcommittee Reviews Insurance Regulatory Oversight Policy Implications; NCOIL Predicts NIMA Issues, Center for Economic Justice Says Insurance Premiums Should Not Include Lobbying Expenses

Jul 28, 2011

  Predicting that the National Association of Insurance Commissioners’ (“NAIC”) Nonadmitted Insurance Multi-State Agreement will face continued constitutional challenges about its “improper and unconstitutional delegation of authority to a regulator . . . ” Alabama State Representative and National Conference …

Florida Governor Rick Scott Signs Insurer Insolvency Bill (CS/HB 1007); Requests ‘Meaningful’ Title Insurer Data Call and Prevails Upon Cabinet To Lower Title Insurance Rates Commensurate With $25 Assessment

Jun 28, 2011

  Among other bills, Florida Governor Governor Rick Scott signed CS/HB 1007 relating to Insurer Insolvency on June 24, 2011.  For CS/HB 1007, Governor Scott issued a transmittal letter to Florida Secretary of State Kurt Browning, in which he stated that, “While I …