2004 News Release

Troy, New York, December 30, 2004 Rep. Craig Eiland (TX), newly elected president of the National Conference of Insurance Legislators (NCOIL), today announced his NCOIL priorities for 2005.  He said these were to defend and modernize the state system of insurance oversight.

Troy, New York, December 15, 2004─ State Rep. Craig Eiland (TX), president of the National Conference of Insurance Legislators (NCOIL), today announced the following NCOIL officers and committee chairs for 2005.

Albany, New York, November 30, 2004On November 18 during a meeting of the National Conference of Insurance Legislators (NCOIL) Life Insurance Committee, legislators voted unanimously to adopt a model resolution urging Congress to enact federal legislation H.R.1406 and its companion bill S.R.2077.  The legislation would amend Title XIX of the Social Security Act to allow additional states to establish long-term care partnership programs.  The Committee’s passage of the resolution is a precursor to considering model legislation regarding long-term care partnership programs.

Troy, New York, November 30, 2004 ─ In an effort to address broker compensation issues that have arisen as a result of New York Attorney General Elliot Spitzer’s and other state investigations, the National Conference of Insurance Legislators (NCOIL) released on November 20 its Proposed Insurance Broker Fiduciary Duty and Conflict of Interest Model Law.  The NCOIL State-Federal Relations Committee, at its meeting in conjunction with the NCOIL 2004 annual conference, considered the model and received input from interested parties, including representatives of agent and broker associations.

Duck Key, Florida, November 20, 2004 ─ In a move to reinforce the National Conference of Insurance Legislators’ (NCOIL) opposition to the State Modernization and Regulatory Transparency (SMART) Act, the NCOIL Executive Committee on November 20 overwhelmingly voted to send U.S. Reps. Michael Oxley (R-OH) and Richard Baker (R-LA) a letter voicing legislators’ concerns with the proposal.  The action, which took place during the 2004 NCOIL Annual Meeting here, ratifies the position recently taken by the NCOIL Officers and Committee Chairs, who have authority under the organization’s bylaws to make decisions for NCOIL between NCOIL conferences.

Albany, New York, September 29, 2004 ─ State Senator Steven Geller (FL), president of the National Conference of Insurance Legislators (NCOIL), yesterday sent the following letter to Congressman Brad Sherman (D-CA) regarding his effort to raise Congressional awareness of the need for federal natural disaster insurance legislation.  Upon withdrawal of his amendment to include natural disaster insurance coverage in legislation that would extend the Terrorism Risk Insurance Act (TRIA), Congressman Sherman this morning encouraged Congress to authorize a study that would investigate the private market’s ability to cover natural disaster insurance risks.  The study would be undertaken by the Secretary of Treasury.  Sherman noted that both NCOIL and the National Association of Realtors (NAR) support such an initiative.

Albany, New York, September 11, 2004State Senator Steven Geller (FL), president of the National Conference of Insurance Legislators (NCOIL), yesterday sent the following letter to U.S. Representatives Michael Oxley (R-OH), chair of the House Financial Services Committee, and Richard Baker (R-LA), chair of the Committee’s Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.  The letter expressed NCOIL’s opposition to the draft State Modernization and Regulatory Transparency (SMART) Act.

Chicago, IL, July 18, 2004  In a move aimed at forming a united front of state legislators and insurance commissioners on market conduct reform, the National Conference of Insurance Legislators (NCOIL) has adopted a series of amendments to its market conduct model law.  NCOIL approved the amendments at its Summer Meeting, which concluded here on the weekend.

Chicago, Illinois, July 17, 2004 ― Experts debating the way that insurance companies use claims information to underwrite property-casualty insurance products found today some consensus on a “common sense” approach to regulate loss-history databases.

Washington, D.C., July 12, 2004 — An NCOIL Subcommittee will begin investigating the appropriate role of the states regarding insurer corporate governance and accountability issues.

Albany, New York, July 9, 2004 — The National Conference of Insurance Legislators (NCOIL) on July 17 will take a hard look at critical issues such as rising healthcare costs, the lack of employers providing health benefits, and the growing numbers of uninsured when it examines the evolution of managed care from the more traditional policies of the 1980’s to those of the present.

Albany, New York, June 30, 2004 —  With the natural progression of the viatical settlement industry shifting into life settlement markets, the National Conference of Insurance Legislators (NCOIL) Life Settlement Subcommittee will consider updating its Life Settlement Model Act at its July 15 meeting during the NCOIL Summer Meeting in Chicago.

Washington, D.C., June 30, 2004  In an effort to craft a single model that would reform market conduct surveillance regulation, the National Conference of Insurance Legislators (NCOIL) on July 16 will consider amendments offered by the National Association of Insurance Commissioners (NAIC) to the NCOIL Market Conduct Surveillance Model Law.

Albany, New York, June 29, 2004 — Ways to keep consumers safe from medical mistreatment will be a key concern when state legislators convene for the National Conference of Insurance Legislators’ (NCOIL) Summer Meeting in Chicago, Illinois, this July 15 through 18.

Albany, New York, June 11, 2004—Florida State Senator Steven Geller, president of the National Conference of Insurance Legislators (NCOIL), today announced release of the following June 10 letter to Representative Michael Oxley (R-OH), chair of the House Financial Services Committee, regarding the “Oxley-Baker Roadmap” for insurance regulatory reform.

Albany, New York, May 10, 2004A National Conference of Insurance Legislators (NCOIL) Steering Committee, consisting of NCOIL officers and Committee chairs, has voted unanimously to revise the restricted-access system on the NCOIL Web site, www.ncoil.org.  The new policy, which is effective immediately, was developed in response to the concerns of interested parties.

Albany, New York, March 3, 2004Legislators at last week’s National Conference of Insurance Legislators (NCOIL) Spring Meeting in San Antonio, Texas, took decisive action to reform state-based insurance regulation, addressing issues including market conduct regulation and rate modernization.

Hallandale Beach, Florida, January 7, 2004 ─ Florida State Sen. Steven A. Geller, recently elected President of the National Conference of Insurance Legislators (NCOIL), today named several leading state lawmakers as chair of key NCOIL committees and subcommittees in 2004.