Troy, New York, November 29, 2011 – New Mexico Senator Carroll Leavell took over as NCOIL President during the organization’s recent Annual Meeting in Santa Fe, New Mexico—vowing to amplify NCOIL efforts to preserve and enhance state regulation. The slate of incoming NCOIL officers also includes Sen. Vi Simpson (IN) as President-Elect, Rep. Charles Curtiss (TN) as Vice President, Rep. Greg Wren (AL) as Secretary, and Sen. Neil Breslin (NY) as Treasurer.
Health, LTC, and Health Retirement Issues
Troy, NY, August 5, 2011 – In a letter to U.S. Department of Health & Human Services (HHS) Secretary Kathleen Sebelius yesterday, leaders of a key National Conference of Insurance Legislators (NCOIL) Committee expressed “grave concerns” with a new federal long-term care insurance program created by the 2010 Affordable Care Act (ACA).
Newport, RI, July 17, 2011 – In a move to promote competition in and access to health insurance markets, state insurance legislators today supported pending federal legislation to amend new medical loss ratio (MLR) rules established by the Affordable Care Act (ACA). During the Summer Meeting here, members of the NCOIL Executive Committee unanimously adopted a Resolution in Support of H.R. 1206, The Access to Professional Health Insurance Advisors Act, which would exempt health insurance agent/broker fees from MLR calculations.
Washington, DC, March 6, 2011 – After two years of work, insurance legislators today at the Spring Meeting here unanimously approved a Healthcare Balance Billing Disclosure Model Act to enhance healthcare transparency in the states in relation to controversial balance billing practices. Members of the National Conference of Insurance Legislators (NCOIL) Executive Committee took action on the model law—which will provide accountability and disclosure to consumers by health facilities, insurers, and facility-based providers—after the Health, Long-Term Care & Health Retirement Issues Committee unanimously adopted the model on Saturday.
International Insurance Issues
Santa Fe, New Mexico, November 20, 2011 – On November 18, legislators on the International Insurance Issues Committee vowed to take a fresh look at U.S. trade efforts and at the consequences of possible state preemption. Following more than a year’s worth of discussion—focused on a resolution that warned of impacts on state preferred drug lists (PDLs)—the Committee at the Annual Meeting laid plans for a new NCOIL proposal, one that would go beyond pharmaceutical issues, in light of recent trade activity.
Life Insurance & Financial Planning
Santa Fe, NM, November 20, 2011 – In an effort to ensure the timely payment of death benefits and escheat of unclaimed life insurance funds, the National Conference of Insurance Legislators (NCOIL) today unanimously approved a Model Unclaimed Life Insurance Benefits Act. Members of the Executive Committee put the finishing touches on the model law—which will require insurers to compare in-force life insurance policies and retained asset accounts with a U.S. Social Security Death Master File (DMF) to identify any matches—at the Annual Meeting here.
Newport, RI, July 17, 2011 – Members of a key National Conference of Insurance Legislators (NCOIL) Committee resolved here on Friday to incorporate a targeted legislative response to life insurers’ unclaimed property practices in its 2010 Beneficiaries’ Bill of Rights.
Washington, DC, March 6, 2011 – With a goal of gaining optimum protection of insurance consumers and ensuring suitable annuity sales, the National Conference of Insurance Legislators (NCOIL) today endorsed a National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation.
Santa Fe, New Mexico, November 20, 2011 – In a room packed with stakeholders from around the country, the NCOIL Property-Casualty Insurance Committee on November 20 debated the pros and cons of a model law limiting the use of certificates that verify insurance to third parties. The event, which took place at the NCOIL Annual Meeting here, represented the next stage in an NCOIL dialogue that has major implications for the property-casualty insurance and commercial lending industries. Included in the discussion was talk of an arguably creative way to address lender “information only” disclosure concerns: a companion bill based on NYS insurance binder law.
Newport, Rhode Island, July 17, 2011 – After receiving varying and opposing perspectives on a Certificates of Insurance Model Act, legislators gathered at the NCOIL Summer Meeting determined to explore development of legislative language to address the controversial issue. Debate on the model law—which aims to clarify limits on the certificates that third parties use to verify insurance coverage—hinged on whether a certificate is purely for “information only”—or whether it is the more substantial proof of insurance that commercial lenders expect. Consideration of the proposed bill was a highlight of the highly attended Sunday morning Property-Casualty Insurance Committee meeting in Newport, Rhode Island.
Washington, DC, March 7, 2011 – State legislators at the NCOIL Spring Meeting here failed to reach consensus on a controversial model act that would give guidance to states on the widespread use of aftermarket crash parts. On March 6, lawmakers defeated by a close margin a pro-choice Model Act Regarding Motor Vehicle Crash Parts and Repair, which represents NCOIL’s fourth run at the issue, due to lingering concerns over how the quality of aftermarket parts compares to car company versions, among other things.
Santa Fe, NM, November 20, 2011 – NCOIL lawmakers—seeking to achieve national speed-to-market reform this weekend—rallied behind a life insurance compact. The NCOIL State-Federal Relations and Executive Committees unanimously adopted a Resolution Encouraging States to Join an Interstate Insurance Product Regulation Compact on November 19 and 20, respectively.
Santa Fe, NM, November 20, 2011 – Uniting against a proposed federal role in state and local government pension policy, NCOIL lawmakers today endorsed a Resolution Opposing the Public Employee Pension Transparency Act (PEPTA). Adoption by the Executive Committee came three days after the Financial Services & Investment Products Committee voted fifteen to one in support of the resolution.
Washington, DC, November 4, 2011 – Leaders of the National Conference of Insurance Legislators (NCOIL) today expressed frustration that the makeup of the Federal Advisory Committee on Insurance (FACI) formed by Treasury is missing a key perspective—that of a state lawmaker.
Washington, DC, August 2, 2011 – Responding to a query from Congresswoman Judy Biggert (IL) at a hearing on insurance oversight last Thursday, the National Conference of Insurance Legislators (NCOIL) again reached out to the National Association of Insurance Commissioners (NAIC) in hopes of achieving a unified approach to regulation of surplus lines insurance. Letters to NAIC/Biggert Testimony
Newport, RI, July 17, 2011 – The Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT) Commission inaugural meeting met with great success here on Friday as Commission representatives unofficially approved organizational and administrative procedures. Representatives of all nine compacting states, plus Hawaii and several others, converged around a crowded table and via conference call to work to get the compact up and running.
Washington, DC, June 23, 2011—NCOIL President Rep. George Keiser (ND) last month applied to be one of fifteen national insurance experts selected to serve on a new Federal Advisory Committee on Insurance (FACI). The NCOIL leader—with a strong background in economics and extensive insurance experience—would help advise the Federal Insurance Office (FIO) on insurance public policy.
Washington, DC, June 15, 2011 – Tennessee late last week joined eight other states and became the latest to enact a Surplus Lines Insurance Multi-State Compliance Compact(SLIMPACT). Governor Bill Haslam’s signature on June 10th moved SLIMPACT one large step closer towards national uniformity in surplus lines taxation and regulation. As the state became the ninth to sign onto the vital insurance compact, others continue to consider SLIMPACT, and compacting states prepared for action.
Washington, DC, June 10, 201 – NCOIL Treasurer Rep. Greg Wren’s Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT) legislation was signed by Governor Robert Bentley yesterday, making Alabama the eighth state to approve SLIMPACT in 2011. As Alabama took steps to join the new insurance compact, other states continued to press forward on vital surplus lines reform.
Washington, DC, June 3, 2011 – With the stroke of a pen on May 27, the State of Rhode Island became the latest to enact a Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT), as Governor Lincoln Chafee signed legislation advanced by NCOIL leaders Rep. Brian Kennedy, Sen. David Bates, and Sen. William Walaska. The state joined SLIMPACT one day after legislation was signed in Vermont, making Rhode Island the seventh to line up behind the vital state-based insurance modernization initiative.
Washington, DC, June 2, 2011 – Vermont Governor Peter Shumlin on May 26 signed aSurplus Lines Insurance Multi-State Compliance Compact (SLIMPACT), linking the state with a host of others in the growing lawmaker-led initiative. Several NCOIL Executive Committee members helped propel S. 36 through the legislative process, making Vermont the sixth to join SLIMPACT in only a few short months.
Washington, DC, May 16, 2011 – Momentum continues to build for the Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT), as last week legislation advocated by NCOIL leader Sen. Ruth Teichman made Kansas the latest state to enact the growing surplus lines modernization initiative. Governor Sam Brownback signed H.B. 2076 on Thursday, May 12, as state lawmakers continued to press on in their effort to respond fully and appropriately to Dodd-Frank surplus lines provisions.
Washington, DC, May 13, 2011—NCOIL leaders Sen. Vi Simpson and Sen. Travis Holdman yesterday saw Indiana join a Surplus Lines Insurance Multistate Compliance Compact(SLIMPACT), as Governor Mitch Daniels signed their legislation, Senate Bill 0578—which was sponsored in the House by Reps. Matt Lehman and Craig Fry. Indiana aligns with Kentucky, New Mexico, and North Dakota in SLIMPACT, as numerous other states put the finishing touches on the surplus lines insurance compact.
Washington, DC, April 21, 2011 – A Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT) continues to make headway around the country as North Dakota on Tuesday joined Kentucky and New Mexico in the burgeoning compact. NCOIL President Rep. George Keiser guided H.B. 1123 through the legislative process and Governor Jack Dalrymple signed the legislation on April 19, building SLIMPACT’s critical mass in the states.
Washington, DC, April 11, 2011 – NCOIL President-Elect Sen. Carroll Leavell led New Mexico to enact a Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT) on Friday, joining Kentucky in the legislator-led initiative to protect state premium tax dollars. Governor Susana Martinez signed Senate Bill 250 on April 8, amidst a flurry of activity across the nation to advance SLIMPACT, which included significant victories in North Dakota, Indiana, Tennessee, and Alabama.
Washington, DC, March 23, 2011 – NCOIL President Rep. George Keiser (ND) today emphatically voiced the organization’s strong support for a Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT). As debates rage on across the states, Rep. Keiser made clear that NCOIL adopted and continues to support SLIMPACT as the most appropriate policy response to the Dodd-Frank Act.
Washington, DC, March 22, 2011 – The state of Kentucky became the first to enact aSurplus Lines Insurance Multi-State Compliance Compact (SLIMPACT) on March 16, when NCOIL Past President Rep. Robert Damron’s H.B. 167 was signed by Governor Steve Beshear. Rep. Damron’s bill crossed the Governor’s desk just days before NCOIL President-Elect Sen. Carroll Leavell’s SLIMPACT was sent to the New Mexico Governor, and before related legislation reached the Ohio Governor. The three bills passed their respective legislatures by a combined final vote of 330-0.
Washington, DC, March 6, 2011 – The National Conference of Insurance Legislators (NCOIL) today intensified its effort to provide states more time to implement sections of the 2010 Dodd-Frank Act. Two days after it emerged following a State Leaders Summit on Federalism, the NCOIL Executive Committee unanimously approved a Resolution Urging Congress to Extend the Effective Date for Nonadmitted Insurance Provisions of the Dodd-Frank Act.
Washington, DC, February 10, 2011 – Aiming to jump-start national momentum for reform, a North Dakota Committee this week became the country’s first legislative body to approve aSurplus Lines Insurance Multistate Compliance Compact (SLIMPACT). SLIMPACT, which was supported by key organizations comprising state legislators—NCOIL, The Council of State Governments (CSG), and the National Conference of State Legislatures (NCSL)—as the appropriate response to the Dodd-Frank Act’s surplus lines provisions, also went before a Vermont Committee today and may soon be the subject of New Mexico hearing.
Washington, DC, January 7, 2011 – Leaders of the National Conference of Insurance Legislators (NCOIL), The Council of State Governments (CSG), and the National Conference of State Legislatures (NCSL) today sent a joint letter to state colleagues urging their consideration of a new Surplus Lines Insurance Multi-State Compliance Compact (known as SLIMPACT-Lite). The recommendation from the three major groups comprising state lawmakers comes as state houses across the country begin opening their doors for 2011 legislative sessions.
Workers’ Compensation Insurance
Santa Fe, NM, November 20, 2011 – Insurance legislators today called on fellow state policymakers to protect the privacy of employers’ workers’ compensation insurance information submitted to state agencies. Legislators took action here at the 2011 Annual Meeting by unanimously adopting a Resolution Regarding Workers’ Compensation Proof of Coverage Requirements.
Insurance Legislators (NCOIL) today adopted a Trucking and Messenger Courier IndustriesWorkers’ Compensation Insurance Model Act. Insurance legislators took action on the model—which will set clear rules for who is an independent contractor and who is an employee—at the Spring Meeting here.