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 …
Tag: state insurance regulation
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 …
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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. …
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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 …
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PIA Top Priority FIO Repeal Introduced in Senate
PIA National is pleased that Senator Ted Cruz (R-TX) today introduced S. 1586, the “Federal Insurance Office Abolishment Act” in the Senate. This legislation is a companion bill to H.R. 1862 by Rep. Alex Mooney (R-WV), which was introduced in the House earlier this year. PIA National worked closely with Senator Cruz to develop this …
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FIO Repeal Bill, PIA Top Priority, Introduced
PIA National has led the insurance industry on the movement to repeal the Federal Insurance Office (FIO), and we’re pleased that Rep. Alex Mooney (R-WV) has reintroduced H.R. 1862, legislation to repeal the Federal Insurance Office (FIO). PIA National has worked closely with Rep. Mooney on developing this legislation. Building support for it will be …
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PIA Opposes Proposal to Allow Sale of Health Insurance Across State Lines
PIA National is strongly opposed to an action taken by the administration that seeks to allow the sale of health insurance across state lines. In October 2017, President Trump issued an executive order (EO #13813), directing federal agencies to consider ways to increase competition and consumer choice in health care. In accordance with this executive …
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