Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Legislative Reform Measures Discussed at IIAT Conference
Jul 7 2003 // Insurance reforms enacted by the 78th Texas Legislature dominated many discussions at the 106th Annual Independent Insurance Agents of Texas Convention, held June 19-21 in San Antonio. Not only did Lt. Governor David...
PIANJ Commends Senate on Passing Measure Protecting Agents’ Books
Jul 7 2003 // The Professional Insurance Agents of New Jersey Inc. commended the state Senate for its unanimous passage of legislation to help ensure agents’ ownership and commission rights are continued when an insurance company...
P/C SYMPOSIUM IN AUSTIN TO EXAMINE REFORM LEGISLATION
Jul 7 2003 // Insurance industry officials from around the country will meet July 17 in Austin to discuss insurance reform legislation passed during the 78th session of the Texas Legislature. Three hundred industry representatives plan...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
Real Progress Bodes Well for Regulatory Modernization Efforts
Jul 7 2003 // The issue of state versus federal regulation of insurance provokes strong opinions and divergent points of view among insurers. Yet there is one point on which we all can agree—consumers are best served by a healthy and...
AAI Says Pa. Motorcycle Helmet Legislation Headed for Wrong Turn
Jul 2 2003 // A bill sent to the governor on Tuesday repealing Pennsylvania’s 35-year-old mandatory motorcycle helmet law is ill-advised and should be vetoed, according to a long-time advocate of vehicular safety. The bill (SB...
PIFC Says Auto Rates will Skyrocket if Territorial Rating is Eliminated
Jul 2 2003 // Four California Insurance Commissioners and the California Supreme Court agreed the use of territory as a factor in determining automobile insurance rates is fair and equitable under Proposition 103 passed in 1988. The...
NAII Applauds House for Introducing Legislation to Preserve National Credit Reporting System
Jun 30 2003 // Late last week a bill to permanently reauthorize the expiring provisions of the Fair Credit Reporting Act (FCRA) and to help consumers combat identity theft was introduced by several members of the House Financial Services...
S&P Revises Mannheimer Leben Rating to ‘R’
Jun 30 2003 // Standard & Poor’s Ratings Services announced that it has revised its public information-based counterparty credit and insurer financial strength ratings on Mannheimer Lebensversicherung AG to ‘R’...
Winterthur, Two Others Receive Chinese Regulatory Approvals
Jun 30 2003 // Winterthur, the Insurance division of Credit Suisse, Tianan Insurance and the Shenzhen branch of Hong Kong’s Ming An Insurance Co. have reportedly been granted permission by Chinese regulatory authorities to offer...
ICT/AFACT Symposium to Look at Texas Legislation
Jun 27 2003 // Insurance industry officials from around the country will meet July 17 in Austin to discuss insurance reform legislation passed during the 78th session of the Texas Legislature. According to the Insurance Council of Texas,...
AIA Joins in Filing Amicus Brief in Support of Reg 68 Changes
Jun 27 2003 // The American Insurance Association announced that it has joined with other trade associations to file an amicus brief with the New York Court of Appeals in support of the changes in the no-fault auto insurance Regulation...
New Ill. Budget Hits Insurers With Increased Taxes, Fees
Jun 26 2003 // Illinois Gov. Rod Blagojevich has signed into law two bills dealing with taxation on surplus lines insurers and motor vehicle records fees. S.B. 1634 will require surplus line producers to file reports twice a year with...
NCOIL to Develop Market Conduct Model Law; Seeks NAIC Input; NAMIC Comments
Jun 25 2003 // The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL...
PIANJ Commends Senate on Passage of Legislation to Protect Agents’ Books
Jun 25 2003 // The Professional Insurance Agents of New Jersey Inc. commended the State Senate for its unanimous passage of legislation to help to ensure that agents’ ownership and commission rights are continued when an insurance...
IIANJ Urges Companies to Consider N.J. Market Following Auto Reforms
Jun 25 2003 // Leaders of The Independent Insurance Agents of New Jersey, which represents over 700 small businesses in the state, gathered at the New York Hilton on Sunday morning to meet with insurance company executives to discuss the...
Maine Adjourns; Legislature Addresses Scoring, Privacy and Workers’ Comp
Jun 24 2003 // The Maine legislature tackled several important issues this session such as credit-based insurance scores and workers’ compensation, however it deferred action on establishing building codes and creating a joint...
Tenn. Names Lewis and Gowan Named as Assist. Commissioners
Jun 24 2003 // Tennessee Commerce and Insurance Commissioner Paula A. Flowers announced the appointments of Nashville attorney Robert E. Gowan and former state Rep. Doyle “Butch” Lewis as assistant commissioners. Gowan joins...
S-5700 Passes N.Y. Assembly – Extends NYPIUA, Restores “2%” Rule
Jun 24 2003 // The New York Assembly followed their colleagues in the State’s Senate by passing legislation, S.5700, which extends the New York Property Insurance Underwriting Association’s authority for another year and...
NAMIC TELLS WASHINGTON LEGAL FOUNDATION THAT REGULATION BEST LEFT TO STATES:
Jun 23 2003 // Reformed state regulation of insurance is the most desirable course for the future according to a National Association of Mutual Insurance Companies (NAMIC) speaker at a media briefing on “An Optional Federal...
