Latest Legislation Headlines

All the headlines from our Legislation Topic Page, ordered by recency.

Wade Spilman: Peerless Advocate, Irreplaceable Friend

Jun 4 2001 // Wade Spilman was always proud to say that, even though he wasn’t an insurance agent, he spent so much of his life working with, and on behalf of, agents that he often found himself thinking like an agent.IIAT will...

Financial Services Integration: A Question of Privacy

Jun 4 2001 // Mailboxes throughout the West have been rapidly filling with literature outlining the “Privacy Policy” of virtually every organization that has ever taken a credit application.As the Gramm-Leach-Bliley Act...

Kansas Governor Signs Insurance Bills Into Law

Jun 1 2001 // The American Insurance Association (AIA) noted that the adjournment on May 8th of the Kansas legislature ended a 10-week session marked by several important victories for the associaiton.Earlier in the week, Governor Bill...

Maine Enacts Financial Privacy Bill

May 31 2001 // Maine Governor Angus King signed into law a financial services privacy bill (LD 1640), which is, according to the American Insurance Association (AIA), consistent with the federal privacy regulations in Title V of the...

Minn. Governor Signs Producer Licensing Legislation, Senior No-Fault Wage Benefits

May 31 2001 // Minnesota Governor Jesse Ventura signed insurance producer licensing legislation that appears to meet the reciprocity requirements of the federal Graham-Leach-Bliley (GLB) Act. The Act requires twenty-nine states to pass...

Legislation to Protect Small Businesses from Hazardous Liability Litigation Passed

May 30 2001 // Legislation that would provide Superfund liability protection for small-businesses that disposed of municipal solid waste before April 1, 2001 recently passed the U.S. House of Representatives.According to Julie...

NAMIC Endorses Increase of Small Company Tax Exemption

May 29 2001 // According to National Association of Mutual Insurance Companies (NAMIC), the country’s smallest, mostly rural, insurance companies would receive a tax benefit if legislation introduced recently in the House of...

NAII Notes Penn. Privacy Reg Corrects ‘Opt-Out’ Problem, But Still Includes Workers’ Comp May 25, 2

May 25 2001 // According to the National Association of Independent Insurers (NAII), the Pennsylvania Insurance Department’s revised draft regulation on consumer privacy remedies an “opt-out” provision that may have...

Agents Must Comply with GLBA Despite Failure of California Bill

May 25 2001 // Agents and Brokers were notified recently that they are required to comply with consumer privacy portions of the Gramm-Leach-Bliley Act (GLBA) despite the failure of a bill in the California legislature. Congress enacted...

Most States Will Not Meet GLBA Deadline, NAMIC Survey Says

May 22 2001 // Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance...

The Big ‘I’ Goes to Washington

May 21 2001 // It was a new year, a new administration, and a new round of visits on Capitol Hill. Although not as critical a legislation year as past years, the issues remained as pressing as ever, and the 800 attendees of the 25th...

AIA Blasts Decision Ore. Supreme Court Ruling

May 16 2001 // According to the American Insurance Association (AIA), the decision handed down by the Oregon State Supreme Court in Smothers v. Gresham Transfer, Inc. will undermine the exclusive remedy clause, a cornerstone of the...

Info-laden Site Helps Texas Agents

May 14 2001 // When I bought my minivan, I refused to buy it from my local dealership. The reason? The local sales rep added no value to my sales transaction. He was satisfied in having me or a rep from another dealership do all of the...

UTAH CREDIT SCORING LAW TAKES EFFECT

May 13 2001 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...

Legislation Gains Praise From Chubb CEO

May 10 2001 // The introduction of the Reinsurance Tax Equity Act of 2001 gained praise from Dean R. O’Hare, chairman and CEO of The Chubb Corporation. Following introduction by Reps. Nancy Johnson (R-Conn.) and Richard Neal...

House Subcommittee May Move Privacy Bill Forward

May 8 2001 // As the U.S. House of Representatives Government Efficiency, Financial Management and Intergovernmental Relations Subcommittee prepares to mark up privacy legislation, the Alliance of American Insurers reiterated its...

Nevada Legislation Targets Fraud Rings

May 7 2001 // Nevada’s Senate Commerce and Labor Committee approved two bills designed to discourage insurance fraud rings from setting up shop in the state.According to the Associated Press, one of the goals of AB 135 is to make...

CALIF. COMMITTEE APPROVES LOW-COST AUTO LEGISLATION

Apr 29 2001 // A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists, according to...

NAMIC Names Legislative and Regulatory Counsel

Apr 27 2001 // The National Association of Mutual Insurance Companies (NAMIC) named Peter A. Bisbecos as Legislative and Regulatory Counsel. NAMIC believes the appointment of Bisbecos will complement its ongoing lobbying in state...

Missouri Approves Producer Licensing Bill with Exemptions

Apr 26 2001 // The Missouri House Insurance Committee recently passed a version of the insurance producer licensing bill. The bill contained compromised language exempting employees who are not engaged in sales.Ann Weber of the National...