Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
National Insurance Licensing Group Names 2 to Board
Feb 16 2011 // The organization working to bring more uniformity to insurance licensing by states has named two new board members. The National Insurance Producer Registry (NIPR) reported that Illinois Insurance Director Michael T....
West Virginia Changes Agent Licensing System
Feb 14 2011 // West Virginia is moving to the National Association of Insurance Commissioners state based system for issuing agent licenses in order to bring it in line with other states and streamline the licensing process. Starting in...
Sidelining Agents
Dec 5 2010 // The MLR does not protect agent and broker compensation. In their zeal to control health care costs, federal policymakers may be pushing health insurance agents and brokers to the sidelines and potentially out of business....
Feds Erred in Loss Ratio Decision
Dec 5 2010 // Congress May Need to Intervene After months of discussions, the interim final rule on Medical Loss Ratios (MLRs) released by the U.S. Department of Health and Human Services (HHS) was a huge disappointment. The rule...
State Regulators Worried About Future of Health Insurance Brokers
Nov 29 2010 // State insurance regulators have established a task force to monitor the negative effects the new federal health reform law might have on health insurance agents and brokers. The National Association of Insurance...
State Legislators Adopt Surplus Lines Tax Compact, Compliance Resolution
Nov 24 2010 // The National Conference of Insurance Legislators (NCOIL) has adopted a revised version of the Surplus Lines Multi-State Insurance Compact (SLIMPACT) as well as a resolution urging the states to amend their insurance laws...
Legislators, Surplus Lines Groups Weigh a Lighter SLIMPACT Tax Deal
Nov 17 2010 // As the deadline to implement the surplus lines insurance modernization bill — or the Nonadmitted & Reinsurance Reform Act (NRRA) in the Dodd-Frank Act — quickly approaches, some of the nation’s...
Florida’s McCarty Elected President-Elect by State Regulators
Oct 26 2010 // The National Association of Insurance Commissioners (NAIC) elected Florida Commissioner Kevin McCarty to be president-elect effective Jan. 1, 2011 at its recent meeting in Orlando. McCarty served as vice president of the...
State Regulators Back Strict Medical Ratio for Health Insurers
Oct 22 2010 // U.S. state insurance commissioners unanimously backed tough rules requiring health insurance companies to direct more of the premiums they collect to medical care, rather than corporate salaries and profits. Although the...
Industry Worries As Regulators Decide on Critical Loss Ratio
Oct 21 2010 // A seven-month-long process for determining how much U.S. health insurers must spend on medical care comes to a head Thursday, amid fresh concerns that the rules will lead companies to desert some small-group and other...
Colorado Insurance Commissioner Recognized for Consumer Advocacy’
Oct 21 2010 // Colorado Insurance Commissioner Marcy Morrison has received the Excellence in Consumer Advocacy award, presented by the National Association of Insurance Commissioners (NAIC) Consumer Representatives, at NAIC’s...
NAIC Proposes $75 Million Budget for 2011
Oct 20 2010 // The National Association of Insurance Commissioners’ (NAIC) said it began its approval process for its 2011 today, after months of development. The NAIC said its proposed 2011 budget includes total revenues of $75.2...
States Hosting International Insurance Regulators
Oct 13 2010 // The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory...
Clock is Ticking on Surplus Lines Tax Reform
Oct 12 2010 // The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation...
Clock is Ticking on Surplus Lines Tax Reform
Oct 4 2010 // With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to...
State Regulators Develop Rule on Health Insurers’ Medical Spending
Sep 24 2010 // U.S. health insurers should be able to exclude most federal taxes, but not all, in calculating spending rates to meet new healthcare law requirements, an insurance advisory group has proposed. Under a draft plan released...
U.S. Group Health Premiums Rose 3% in 2009; Individual Up 15%
Sep 17 2010 // U.S. health insurers took in 7 percent more revenue from premiums from individual, group and other policies in 2009 than in the previous year, even as the number of those people with coverage fell, according to a report...
State Insurance Commissioners Warn on Keeping Vacant Homes Insured
Aug 9 2010 // As the U.S. housing market struggles to rebound, many homeowners are stuck with hard-to-sell properties longer than expected. Some frustrated home sellers who must relocate for a new job opportunity, want to downsize or...
People
Apr 5 2010 // The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in...
Idaho Insurance Department Earns NAIC Accreditation
Mar 31 2010 // The Idaho Department of Insurance has been honored by the National Association of Insurance Commissioners for its excellence and competence in monitoring the business of Idaho-based insurance companies doing business in...
