On March 25, the U.S. Senate unanimously approved H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency package intended to provide urgently needed aid to several sectors of the economy. The House is set to vote on it tomorrow. PIA National has put together this chart to identify, to the …
Author: Lauren Pachman
Counsel & Director of Regulatory Affairs
What Ever Happened to NARAB?
The statutory creation of the National Association of Registered Agents and Brokers (NARAB) was included in the 2015 law reauthorizing the terrorism risk insurance program (the Terrorism Risk Insurance Program Reauthorization Act of 2015, which became P.L. 114-1). (More recently, you may remember that the terrorism risk insurance program was reauthorized again in December of …
Insurance Commissioners Vote to Reexamine Rebating
During the National Association of Insurance Commissioners’ (NAIC) recent Fall National Meeting in Austin, TX, the Innovation and Technology Task Force, led by Commissioner Jon Godfread (ND), voted to develop amendments to the Unfair Trade Practices Act (Model #880) to address rebating. Commissioner Godfread noted that anti-rebating laws have existed in some form or another …
Continue reading Insurance Commissioners Vote to Reexamine Rebating
Commissioner Spotlight: Maine Superintendent Eric Cioppa
In the first entry in our new “Commissioner Spotlight” series, we are focusing on the head of the Maine Bureau of Insurance, Superintendent Eric Cioppa. Superintendent Cioppa began his career in insurance as a statistician for the Insurance Bureau before becoming Supervisor of Maine’s Workers’ Compensation Section. After that, he became Deputy Superintendent in 1998. …
Continue reading Commissioner Spotlight: Maine Superintendent Eric Cioppa
Overtime Rule Update Finalized by Department of Labor
Earlier this year, the Department of Labor (DOL) issued a proposed rule as part of its consideration of potential revisions to the Fair Labor Standards Act (FLSA) to update the exemption from minimum wage and overtime pay (of 1.5 times their regular pay rate) for “executive, administrative, professional, outside sales, and computer employees.” PIA National submitted comments in …
Continue reading Overtime Rule Update Finalized by Department of Labor
Proposed Flood Regulation Could Hurt Agents, Consumers
PIA National recently submitted comments in response to the July 8, 2019 Advanced Notice of Proposed Rulemaking (ANPR)[1] published by Federal Emergency Management Agency (FEMA) regarding the National Flood Insurance Program (NFIP). The ANPR outlines potential changes to the methodology currently used for payments to Write Your Own (WYO) insurance companies selling flood policies in …
Continue reading Proposed Flood Regulation Could Hurt Agents, Consumers
States Enact Data Security Measures: New Hampshire
The National Association of Insurance Commissioners (NAIC) Insurance Data Security Model Law (MDL-668) was finalized in October 2017 and subsequently passed in South Carolina, Ohio, Michigan, Mississippi, Alabama, Delaware, and New Hampshire. The NAIC’s 2017 passage of its model law set the stage for several state legislatures to include it on their legislative calendars beginning in 2018 …
Continue reading States Enact Data Security Measures: New Hampshire
