Category: National News

  The following news release was issued by the National Conference of Insurance Legislators on June 23, 2011:     NCOIL PRESIDENT AIMS FOR FACI ROLE   Washington, DC, June 23, 2011-NCOIL President Rep. George Keiser (ND) last month applied …

  The National Association of Insurance Commissioners (“NAIC”) Property & Casualty Risk-Based Working Group (“Working Group”) met briefly via teleconference on June 21, 2011 to finalize a letter to the NAIC Examination Oversight Task Force (“Task Force”) on catastrophe modeling …

  After approving draft copies of key documents related to the Nonadmitted and Reinsurance Reform Act of 2010 and the Nonadmitted Multi-State Agreement (“NIMA”) at its June 10, 2011 teleconference meeting, the National Association of Insurance Commissioners (“NAIC”) Surplus Lines …

  As part of its scheduled meeting on Wednesday, June 22, 2011 at 2:00 p.m. (ET), the National Association of Insurance Commissioners’ (“NAIC”) Health Insurance Committee will discuss and consider for adoption a draft of “coverage facts labels” developed by …

  The Idaho Department of Insurance has advised that, effective July 1, 2011, Idaho law has been amended to permit producers and insurers of life, disability (health), and property and casualty insurance the ability to offer goods to an actual …

  Final versions of Nonadmitted Insurance Multi-State Agreement (“NIMA”)-related documents approved during the June 10, 2011 Surplus Lines Implementation Task Force conference call have been distributed by the National Association of Insurance Commissioners. These include: The Nonadmitted Insurance Reform Sample …

  At its June 10, 2011 teleconference, the National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force (“Task Force”) unanimously voted to adopt two key measures related to the Nonadmitted and Reinsurance Reform Act of 2010 (“NRRA”). Regulatory …

    The Maryland Insurance Administration has issued its 2011 Report on the Use of Territories as a Rating Factor in establishing private passenger automobile insurance rates to the Maryland General Assembly.  This annual, statutory report contains information on the …

  After months of discussion, the National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force Clearinghouse Plan of Operation Subgroup (“Subgroup”) voted via teleconference today, June 3, 2011, to approve a draft Plan of Operation (“Plan”) for the …

  The National Association of Insurance Commissioners (“NAIC”) Surplus Lines Implementation Task Force (“Task Force”) met via teleconference today, May 20, 2011, to receive and consider interested party comments on a model advisory bulletin (“bulletin”) designed to outline nationwide regulatory …