For Immediate Release
June 16, 2025
Contact: Pat Gilbert
(732) 201-4133
STATEMENT FROM NCOIL OFFICERS ON THE HOUSE-PASSED RECONCILIATION BILL
Belmar, NJ – Today, the Officers of the National Council of Insurance Legislators (NCOIL) released the following statement regarding certain provisions included in the House-passed reconciliation bill:
“As state insurance legislators with a deep interest in protecting and promoting the health of our constituents, we have concerns regarding some of the proposed changes included in the House-passed reconciliation legislation which, if enacted in current form, would disrupt the overall markets that we oversee. First, the legislation needs to include or enable a specific consumer education program and overall communication process regarding the proposed changes related to marketplace eligibility verification and re-enrollment processes, cost-sharing reduction payments, and the uncertainty surrounding the enhanced premium tax credits so as to prevent significant turmoil to our states.
Second, the proposed 10-year moratorium on state legislative and regulatory authority over artificial intelligence (AI) systems would wrongly curtail our ability as state legislators to develop policy that protects our constituents. Those constituents have been steadfast in asking for protections against the current unknowns surrounding AI, and they cannot wait 10 years for a state-based policy response. Indeed, these next years provide an excellent opportunity for the States to serve as the laboratories of democracy that have proven so effective in the past.”
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NCOIL is a national legislative organization with the nation’s 50 states as members, represented principally by legislators serving on their states’ insurance and financial institutions committees. NCOIL writes Model Laws in insurance and financial services, works to preserve the State jurisdiction over insurance as established by the McCarran-Ferguson Act 80 years ago, and to serve as an educational forum for public policymakers and interested parties. Founded in 1969, NCOIL works to assert the prerogative of legislators in making State policy when it comes to insurance and educate State legislators on current and longstanding insurance issues.