NAIC Fall National Meeting Wrap-Up

Last month, the National Association of Insurance Commissioners (NAIC) held its Fall National Meeting. Here is a synopsis of the most notable aspects of the meeting. Creation of New “Letter” Committee First, some background on the NAIC’s structure may be helpful. The NAIC places its committees at the top, with subgroups, working groups, and task …

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No Surprises Act: Disclosure Requirement Update

The “No Surprises” Act was passed as part of the Consolidated Appropriations Act (CAA) of 2021 last year, and it was meant to reduce the effect and frequency of surprise medical bills on people with health insurance. No Surprises targets a variety of billing issues, including the direct and indirect compensation of agents/brokers involved in the …

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Regulatory Requirements for Agents in “No Surprises”

Medical insurance claim form with stethoscope and surgical face mask. There are also other pieces of paperwork on the desk, including a patient form. The No Surprises Act, which was passed as part of the Consolidated Appropriations Act (CAA) of 2021, was designed to reduce the effect and frequency of surprise medical bills on health …

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