Latest Naic Headlines

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

PCI Calls for More Specific Regulatory Modernization Agenda at NAIC Meeting

Dec 8 2004 // District of Columbia Insurance Commissioner Larry Mirel responded to a request from the Property Casualty Insurers Association of America (PCI) for regulators to develop a more specific action plan for regulatory...

SERFF Use Increases Reports NAIC

Dec 7 2004 // According to the National Association of Insurance Commissioners, for the period from Jan. 1 through Nov. 30, 2004, the System for Electronic Rate and Form Filing (SERFF) has facilitated the online transmission and review...

PCI Says Revised NAIC Producer Licensing Model Makes Progress, But Still Flawed

Dec 7 2004 // One day after a lengthy hearing on its draft Producer Compensation Disclosure Amendment to the Producer Licensing Model Act, the National Association of Insurance Commissioners (NAIC) released a revised version of the...

Survey Shows Gain in Market Conduct Uniformity

Dec 6 2004 // An industry survey of property/casualty, health and life insurance companies regarding market conduct examination practices claims to demonstrate that state insurance regulators are striving to adhere to uniformity...

NAIC Elects 2005 Officers

Dec 6 2004 // The National Association of Insurance Commissioners (NAIC) elected four officers for 2005 during the NAIC Winter meeting in New Orleans, including a newly created position of president-elect to effectively serve a two-year...

NAIC Hears Testimony on Changes to Producer Licensing Model Act; Broker Disclosure a Big Concern

Dec 6 2004 // The National Association of Insurance Commissioners’ Executive Task Force on Broker Activities heard a consensus from industry and producers that while remedies were needed, the initiatives suggested so far were...

NAIC’s “Together for Literacy” Recognizes Literacy Alliance of Greater New Orleans

Dec 6 2004 // The National Association of Insurance Commissioners (NAIC) announced it named the Literacy Alliance of Greater New Orleans as the fourth recipient of the 2004 “Together for Literacy” program as part of the...

CIAB Endorses NAIC Proposed Disclosure Regulation

Dec 3 2004 // The Council of Insurance Agents & Brokers (CIAB) announced its endorsement of the National Association of Insurance Commissioners’ (NAIC) proposed regulation calling for the full disclosure and transparency of...

AAMGA Offers Feedback on Proposed Broker Disclosure Amendment to Producer Licensing Model Act

Dec 3 2004 // The National Association of Insurance Commissioners (NAIC) recently issued a draft Proposed Broker Discloser Amendment to the Producer Licensing Model Act, and requested industry and public comment before commencing...

NAMIC Raises Concerns Over Proposed NAIC Broker Activities Questionnaire

Dec 2 2004 // The National Association of Mutual Insurance Companies (NAMIC) voiced its concerns about an NAIC-developed template suggested to states to query their domestic carriers about possible relationships with large brokerage...

PCI Supports NAIC Broker Disclosure Provisions, but Recommends Changes in Written Testimony

Dec 2 2004 // The Property Casualty Insurers Association of America (PCI) supports provisions of a model regulation that require insurance brokers to disclose that they are acting as a broker and to disclose all sources of compensation...

AIA Sets Multi-Issue Agenda for NAIC Meeting

Nov 23 2004 // The American Insurance Association (AIA) on Tuesday said that it has a full agenda for the upcoming National Association of Insurance Commissioners’ (NAIC) Winter Meeting.Issues of concern to AIA include the...

Speed-to-Market Seminar in January

Nov 22 2004 // To assist P/C insurers on improving speed-to-market, the Property Casualty Insurers Association of America (PCI), the National Association of Insurance Commissioners (NAIC) and InSystems are sponsoring a free seminar for...

PCI Asks Regulators to Put Caps on Budget Reserve

Nov 22 2004 // The Property Casualty Insurers Association of America (PCI) urged regulators to show budget discipline and responsibility by capping the National Association of Insurance Commissioners’ (NAIC) budget reserve at a...

Action Needed to Address State-Based Insurance Regulation

Nov 22 2004 // With the latest insurance industry market conduct problem, consumers once again see not only the failure of state insurance regulation to protect them but the refusal of state insurance regulators to take responsibility...

NAIC Advances ’05 Budget; Vote Set for Winter Meeting

Nov 22 2004 // The National Association of Insurance Commissioners (NAIC) last week advanced its proposed 2005 budget during a public hearing and subsequent meeting of the NAIC Internal Administration (EX1) Subcommittee, both conducted...

At Senate Hearings into Broker Pay, NAIC Claims States Get Job Done without Headlines

Nov 16 2004 // New York Superintendent of Insurance Greg Serio, speaking on behalf of the nation’s state insurance commissioners, will tell a Senate subcommittee today that state regulators play a critical role in guaranteeing a...

State Regulators Reveal Model Disclosure Act

Nov 16 2004 // An insurance broker would be required to obtain written approval from a customer before receiving any compensation from an insurer for a piece of business under a model compensation disclosure act unveiled by the...

CIAB Makes Recommendations on NAIC Proposed Compensation Regulation

Nov 10 2004 // In a letter to the National Association of Insurance Commissioner President, Diane Koken, who also serves as the commissioner of the Pennsylvania Insurance Department, the Council of Insurance Agents & Brokers...

PIA National Encouraged by NAIC’s New Task Force

Nov 9 2004 // The National Association of Professional Insurance Agents is lauding the National Association of Insurance Commissioners (NAIC) for moving quickly to address public policy issues in the wake of actions by New York Attorney...