Thursday, December 15, 2005
Regulators, Industry, Give and Take on Hot NAIC Issues
You can't always get what you want, but if you try sometimes, you just might find an acceptable model law.
That seemed to be the theme at the National Association of Insurance Commissioners' Winter National Meeting in Chicago, where issues ranging from insurer receivership to creation of a claims database either changed form, were delayed or were just plain taken off the radar screen.
One example of compromise that earned kudos from the insurance industry was the NAIC's decision to postpone a vote on creating a fingerprint repository. The database, whose purpose is to capture the prints of agents, producers and insurance company executives in one central location, is at the heart of the pending Authorization for Criminal Background Check Model Act.
Regulators, Industry, Give and Take on Hot NAIC Issues
Source: A.M. Best (subscription required)
That seemed to be the theme at the National Association of Insurance Commissioners' Winter National Meeting in Chicago, where issues ranging from insurer receivership to creation of a claims database either changed form, were delayed or were just plain taken off the radar screen.
One example of compromise that earned kudos from the insurance industry was the NAIC's decision to postpone a vote on creating a fingerprint repository. The database, whose purpose is to capture the prints of agents, producers and insurance company executives in one central location, is at the heart of the pending Authorization for Criminal Background Check Model Act.
Regulators, Industry, Give and Take on Hot NAIC Issues
Source: A.M. Best (subscription required)
Permalink posted by armandn @ 12:38 PM 
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