Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
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...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
Missouri’s Lakin to Moderate Kansas City Roundtable
May 22 2002 // The Missouri Department of Insurance announced that its director, Scott B. Lakin, will hosed a public roundtable discussion on key issues facing consumers and regulators in Kansas City on May 23. Five state insurance...
Regulators Hear Industry’s Cautions on Mixing Terrorism Risk and Natural Disasters in CAT Plan
May 8 2002 // A National Association of Insurance Commissioners (NAIC) committee wanting to add terrorism risk to an existing plan for catastrophe reserving has agreed to slow down after the National Association of Mutual Insurance...
