Latest Naic Headlines

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

Regulators Honor TDI Staffer

Dec 10 2002 // Betty Patterson, senior associate commissioner in charge of the Texas Department of Insurance’s Financial Program, is one of this year’s two winners of the most prestigious award presented by the National...

NAFTA: Borders Open, Regulators Review Privacy and Inspection Concerns

Dec 9 2002 // Although the Bush Administration technically opened selected border crossings under the North American Free Trade Agreement (NAFTA) on Nov. 27, two key issues have arisen that could keep Mexican commercial vehicles from...

NAIC Adopts Terrorism Bulletin One Week Prior to San Diego Meeting

Nov 29 2002 // In an interim meeting this week, the National Association of Insurance Commissioners (NAIC) adopted a bulletin that outlines regulators’ expectations regarding filing of rates, policy form language and disclosure...

N.Y. Gov. Signs NAIC Compliance Bill

Sep 26 2002 // New York Gov. George Pataki has signed a bill (A.11821) to bring accounting standards for the state’s domestic insurers into compliance with the National Association of Insurance Commissioners’ (NAIC) standards...

AIA Supports Improvements in NAIC Plan to Study Market Conditions

Sep 18 2002 // A key committee of the National Association of Insurance Commissioners has agreed to expand its review of property/casualty insurance market conditions to include an analysis of the root causes of those conditions,...

Hawaii Division Receives National Award

Sep 18 2002 // The Hawaii Insurance Division (Division) received the National Association of Insurance Commissioners’ (NAIC) Uniform Regulation through Technology (URTT) Award after completing all 12 of the URTT initiatives.The...

Insurers Question Direction of Credit Scoring Working Group

Sep 12 2002 // The National Association of Independent Insurers (NAII) questioned the approach regulators are taking in formulating direction for the states on the use of insurance credit scoring.The Credit Scoring Working Group met...

NAIC Approves Amendment to Privacy Model Regulation

Sep 11 2002 // Requiring workers’ compensation insurers to send an annual privacy notice to their employers is not necessary and will result in added administrative costs, insurers told regulators, during the National Association...

Insurers Praise States for Reaching Reciprocity Goal for Producer Licensing

Aug 14 2002 // State legislatures in more than the required 29 states recently met reciprocity requirements for producer licensing laws under the Gramm/Leach/Bliley Act. The National Association of Insurance Commissioners (NAIC) approved...

IIABA Hails NAIC State Licensing Certifications

Aug 12 2002 // The National Association of Insurance Commissioners (NAIC) preliminary determination that 35 states are in compliance with Gramm-Leach-Bliley Act (GLBA) licensing provisions is very positive news, although agents and...

AAI Characterizes NAIC Report on N.Y., N.J. Auto Costs ‘Misleading’

Jul 31 2002 // The National Association of Insurance Commissioners’ (NAIC) state rankings of auto insurance premiums, released last week, is “nothing more than an exercise in irrelevance and a misleading barometer of who pays...

Ohio Auto, Homeowners Rates among the Lowest in Nation

Jul 30 2002 // Ohio automobile insurance consumers continue to fair well when compared to consumers in other states according to Ohio Insurance Director Lee Covington.According to an annual survey and analysis of national automobile...

AIA Calls on NAIC Privacy Issues Working Group to Remove Proposed Amendment to Model Regulation

Jul 10 2002 // The American Insurance Association (AIA) is calling on the National Association of Insurance Commissioners (NAIC) Privacy Issues Working Group to withdraw a proposed amendment to the model privacy regulation. The proposed...

NAII Challenges Regulators to Move Personal Lines Modernization Forward

Jun 17 2002 // Insurers have called on the National Association of Insurance Commissioners (NAIC) to move forward on regulatory reform, beyond operational changes and its commercial lines’ model, by working with state legislators...

Insurers Praise NAIC’s Message to Feds on

Jun 14 2002 // The National Association of Insurance Commissioners (NAIC) sent a tough message to the Office of the Comptroller of the Currency (OCC) this week during its Functional Regulation Working Group meeting, reiterating that...

Colo. Division Receives Re-accreditation

Jun 14 2002 // The Colorado Division of Insurance has received national re-accreditation by the National Association of Insurance Commissioners (NAIC) after a review of the division’s financial examination process. The NAIC...

NAII Cautions Commissioners on Market Conduct Annual Statement

Jun 12 2002 // A push by the National Association of Insurance Commissioners (NAIC) to establish a market conduct annual statement pilot program for insurers raises critical concerns in the areas of cost and confidentiality, according to...

AIA Sees Opportunities at NAIC Meeting June 8-11

Jun 10 2002 // Credit-based insurance scoring, speed to market, and market conduct are areas of opportunity at the upcoming meeting of the National Association of Insurance Commissioners (NAIC) for regulators to act on their commitment...

Insurers Offer Regulators Ideas on How to Maximize Data for Market Conduct Exam Process

Jun 6 2002 // In an effort to make the market conduct exam process more efficient, the P/C insurance industry has submitted a draft outline for a “Guide to Market Conduct Analysis” to the National Association of Insurance...

IIABA Asks Remaining States to Adopt Producer Licensing Reforms

Jun 4 2002 // With the signing of insurance producer licensing reform legislation by Tennessee Gov. Don Sundquist and the adoption of a similar proposal by the South Carolina legislature last week, a super-majority of 46 states have...