2013 News Release

Health, Long-Term Care & Health Retirement Issues

Nashville, TN, November 24, 2013 – Legislators at the NCOIL Annual Meeting delved deeply into the Affordable Care Act (ACA) and Medicaid, continuing a longstanding NCOIL mission to keep state legislators informed on critical healthcare issues impacting the states.

Washington, D.C., March 10, 2013At its 2013 Spring Meeting here, the National Conference of Insurance Legislators (NCOIL) adopted a resolution advising states to enact a licensing and regulatory framework for healthcare navigators created by the Affordable Care Act (ACA), with the goal of ensuring that navigators will have the meaningful insurance knowledge and experience relevant to performing their important and sensitive duties.

Washington D.C., March 10, 2013 – The NCOIL Executive Committee today unanimously approved a resolution urging public education efforts regarding discontinued health plans.  The resolution follows a decision to pursue a model law at its 2012 Annual Meeting.

International Insurance Issues

Washington, D.C., December 5, 2013—Following Annual Meeting approval of a Resolution Reaffirming Support for the U.S. State-Based System in International Insurance Regulatory Discussions, NCOIL legislators urged Congress and the Obama Administration to maintain the tenets and authority of our national system of state insurance regulation.  The request, expressed in a December 2 letter penned to federal counterparts, also asked for a place at the table in any congressional discussions, federal councils, commissions, or task forces with international insurance oversight.

Nashville, TN, November 24, 2013 – Legislators at the NCOIL Annual Meeting again voiced their unqualified support of the U.S. state-based insurance regulatory system in light of recent international regulatory attention, including the Financial Stability Board’s U.S. peer review, which suggested that U.S. policymakers consider a more nationalized approach to insurance regulation. Further, legislators agreed to form a task force to discuss and respond to, as necessary, international insurance regulatory issues.

Life Insurance & Financial Planning

Philadelphia, PA, July 14, 2013 –  At its 2013 Summer Meeting here, the National Conference of Insurance Legislators (NCOIL) took steps to clarify the scope of its timely and vital unclaimed life insurance model act.  Today the NCOIL Executive Committee unanimously adopted a technical amendment to the Model Unclaimed Life Insurance Benefits Act in order to facilitate even wider adoption in the states.

Property-Casualty Insurance

Troy, New York, November 27, 2013 – Lawmakers at the National Conference of Insurance Legislators (NCOIL) Annual Meeting in Nashville agreed to continue debate on proposed regulation of third-party lending to consumers engaged in legal action—and to leave the door open for new model legislation in 2014. The decision to hone in on a possibly new approach builds on an almost two-year NCOIL look at the issue and reflects a willingness to reevaluate existing proposals.

Nashville, TN, November 24, 2013 – Legislators at the NCOIL Annual Meeting here overwhelmingly urged Congress to delay controversial flood insurance rate increases prescribed by the Biggert-Waters Flood Insurance Reform Act of 2012. The decision—expressed in a resolution endorsed by lawmakers from both coastal and non-coastal states—aligns NCOIL with a host of other stakeholders concerned with the law’s impact on homeowners and communities, and is part of a continuum of NCOIL efforts to encourage flood insurance availability and affordability.

Troy, New York, July 31, 2013 NCOIL legislators at their Nashville Annual Meeting will work to wrap up a two-year debate on how to regulate controversial financial transactions between third parties and consumer plaintiffs.  After considering three distinct proposals for many months, including at the July Summer Meeting, lawmakers’ plan for November is to explore the pros and cons of a single model law—one that could include a cap on lender fees.

Troy, New York, March 14, 2013 –  In their latest effort to resolve a lender/property-casualty industry dispute over the forms that lenders use to verify insurance coverage, legislators at the NCOIL Spring Meeting urged interested parties to develop an expanded ACORD binder form rather than resurrect debate over a 2012 NCOIL binder model law.  The Property-Casualty Insurance Committee, led by its Chair, asked to see a final version of the controversial ACORD document—tentatively called an ACORD 875—at the July NCOIL Summer Meeting.

State-Federal Relations

Philadelphia, PA, July 14, 2013Legislators at the NCOIL Summer Meeting here again voiced support of the Terrorism Risk Insurance Act of 2002 (TRIA).  In a timely resolution adopted by the NCOIL Executive Committee, state lawmakers urged their federal counterparts to extend TRIA, as without Congressional action the vital backstop will expire on December 31, 2014.

Washington, D.C., March 10, 2013 In a resolution adopted at its 2013 Spring Meeting here, the National Conference of Insurance Legislators (NCOIL) called on the Federal Reserve to revisit its proposed regulations that would impose consolidated banking regulation on certain insurers, calling the regulations inconsistent with the express language of the Dodd-Frank Act and Congressional intent.  In adopting this resolution, NCOIL adds its voice to that of many members of Congress from both houses, including members of the subcommittees responsible for writing Dodd-Frank, who have written to the Federal Reserve to express similar concerns.

 Workers’ Compensation Insurance

Nashville, TN, November 24, 2013 – With strong support from interested parties from around the country, legislators at the NCOIL Annual Meeting adopted unanimously a set of best practices to curb opioid abuse, misuse, and diversion. The best practices—designed to be a framework against which states may compare, expand, and enhance their own requirements—hone in on prescription drug monitoring programs (PDMPs), physician prescribing practices, education and outreach, and treatment and prevention.

Philadelphia, PA, July 14, 2013Legislators at the NCOIL Summer Meeting here advanced best practices to curb opioid abuse, misuse, and diversion that, when finalized, will give states a broad framework for enactment of their own reforms.  The draft NCOIL guidelines—which address prescription drug monitoring programs (PDMPs), physician prescribing practices, education and outreach, and treatment and recovery—received strong praise from interested parties, who asserted that NCOIL was taking a lead role in tackling the opioid epidemic.

Troy, New York, March 18, 2013Spurred to action by the escalating costs of opioid abuse, lawmakers at the NCOIL Spring Meeting agreed to develop best practices that would offer a multifaceted strategy for states debating possible reforms.  The decision to move forward with guidelines as opposed to model legislation followed discussion at a special NCOIL session in Washington, DC.

Washington, DC, March 10, 2013Legislators at the NCOIL Spring Meeting here, responding to concerns over rising costs in state workers’ compensation markets, adopted a model law to rein in excessive prices of physician-dispensed repackaged drugs.  Passage of the model reflects lawmakers’ conviction that states can no longer wait for guidance on the issue.  But recognizing that there are many pieces to the repackaged pharmaceutical puzzle, legislators agreed to consider amendments at the July Summer Meeting that would broaden the model’s scope.