Search for: "National Association of Insurance Commissioners"
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31 Mar 2008, 4:03 pm
The report was based on the annual statements these companies have filed with the Kentucky Department of Insurance and the National Association of Insurance Commissioners. [read post]
6 Feb 2019, 11:48 am
Three states recently enacted variations of the National Association of Insurance Commissioner’s (NAIC) Insurance Data Security Model Law (MDL-668), based on the landmark cybersecurity requirements issued by the New York Department of Financial Services (NYDFS) in March 2017. [read post]
18 Jun 2008, 8:19 am
A white paper examining the potential impact of climate change on the insurance industry has recently been approved by the National Association of Insurance Commissioners’ (“NAIC”) Climate Change and Global Warming Task Force (the "Task Force"). [read post]
26 Apr 2022, 11:12 am
This report is connected to the recent proposal by the Securities and Exchange Commission to require certain climate risk reporting and the National Association of Insurance Commissioners revised climate risk disclosure survey (see Locke Lord’s quick study discussing both here). [read post]
26 Oct 2023, 12:22 pm
On October 25, 2023, the Financial Condition (E) Committee (the “E Committee”) of the National Association of Insurance Commissioners (“NAIC”) adopted revisions to the Property and Casualty Insurance Guaranty Association Model Act (#540) which would ensure guaranty fund coverage following insurance business transfer or corporate division transactions. [read post]
23 Apr 2010, 3:04 am
On March 28, 2010, the National Association of Insurance Commissioners (“NAIC”) issued a press release announcing adoption of revisions to the existing Suitability in Annuity Transactions Model Regulation (the "Model"). [read post]
23 Apr 2010, 3:04 am
On March 28, 2010, the National Association of Insurance Commissioners (“NAIC”) issued a press release announcing adoption of revisions to the existing Suitability in Annuity Transactions Model Regulation (the "Model"). [read post]
14 Feb 2020, 11:32 am
On February 13, 2020, the National Association of Insurance Commissioners (NAIC) in Executive/Plenary session passed sweeping changes to its Suitability in Annuity Transactions Model Regulation (#275), potentially greatly affecting the relationship between insurers, producers, and annuity consumers. [read post]
12 May 2012, 7:20 am
This week, I have written about the organization that created the app -- The National Association of Insurance Commissioners -- and their recent connection with United Policyholders.Started in 1871, the NAIC is a voluntary organization whose members are the chief insurance regulatory officials of the 50 states, the District of Columbia and the five U.S. territories. [read post]
20 Apr 2010, 1:40 pm
One month from today, the National Association of Insurance Commissioners (“NAIC”) will hold a meeting to address Stranger Originated/Owned Annuities (“STOA”). [read post]
8 Dec 2010, 2:17 am
Twenty-three states and the National Association of Insurance Commissioners have now adopted statutes, rules, or policies prohibiting discretionary clauses. [read post]
24 Aug 2010, 7:27 am
The National Association of Insurance Commissioners ("NAIC") has released a derivatives risk mitigation proposal ("Proposal") prepared by the American Council of Life Insurers ("ACLI") for interim comment. [read post]
28 Jul 2023, 6:00 am
Introduction of Model #674 On February 1, 2023, the National Association of Insurance Commissioners (NAIC) released Insurance Consumer Privacy Protection Model Law #674 to replace both Insurance Information and Privacy Protection Model Act #670 and the Privacy of Consumer Financial and Health Information Regulation #672 . [read post]
20 May 2009, 1:50 am
The Government Accountability Office (the "GAO") recently issued a report regarding its review of the steps made by the National Association of Insurance Commissioners (the “NAIC”) and state regulators to make rules regarding producer licensing, product approval, and market conduct regulation more uniform and reciprocal. [read post]
20 Apr 2018, 8:58 am
The National Association of Insurance Commissioners (NAIC) has directed its committees to move forward with amending the Reinsurance Model Law and Regulation (Models) to be consistent with the EU/U.S. [read post]
20 Jan 2023, 7:26 am
Last month the members of the National Association of Insurance Commissioners (“NAIC”) elected new leadership from amongst their membership for 2023. [read post]
27 Sep 2010, 5:30 am
The National Association of Insurance Commissioners (“NAIC”) has selected Missouri Insurance Director John Huff as its representative on the new Financial Stability Oversight Council (the “FSOC”), which was created under the Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). [read post]
4 Nov 2008, 11:54 am
The Statutory Accounting Principles Working Group of the National Association of Insurance Commissioners (“NAIC”) recently issued a proposal (the "Proposal") to enhance the disclosure of positions held in credit derivatives, hybrid instruments that have embedded credit derivatives, and certain guarantees in the financial statements filed by insurers. [read post]
11 Nov 2014, 10:50 pm
Since 1993, the workers’ compensation insurance industry has been profitable in 17 of the 20 years – all but 2001, 2002, and 2011.This issue provides for the first time information on profitability of the workers’ compensation insurance industry at the state level relying on data from the National Association of Insurance Commissioners. [read post]
3 Mar 2020, 11:29 am
” The scheduled witnesses are: Douglas Heller, Insurance Expert, Consumer Federation of America Elizabeth Kelleher Dwyer, Superintendent of Insurance, the State of Rhode Island, on behalf of the National Association of Insurance Commissioners Eric Poe, CPA and Chief Operating Office, CURE Auto Insurance Sonja Larkin-Thorne, Consumer Advocate (retired) Erin Collins, Vice President- State Affairs, National… [read post]
