Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Judge Denies Separate Trial Request for Financier’s Aide
Mar 20 2002 // A federal judge has refused financier Martin Frankel’s request to dismiss alleged racketeering charges against former aide Mona Kim as well as a request that she be tried separately, according to the Associated...
NYSID Urges Assembly to Pass Risk Based Capital Standards for P/C Insurers
Mar 19 2002 // New York State Insurance Department Superintendent Gregory V. Serio urged the State’s Assembly to pass pending legislation which would extend the use of Risk Based Capital standards to property/casualty insurers. The...
NAMIC Unveils Recommendations for Analytical Approach to Market Regulation
Mar 18 2002 // The National Association of Mutual Insurance Companies (NAMIC) will propose 12 market regulation recommendations that state insurance regulators should incorporate as they develop a more analytical approach to market...
NAII Testifies In Opposition to Calif. Accident History Regulation Proposal
Mar 15 2002 // A proposed regulation that would restrict an insurance company’s access to information about accident history would make it difficult for California carriers to be certain that an individual is entitled to a good...
NAIC Spring Meeting Presents Full Agenda
Mar 14 2002 // Regulatory modernization, market conduct and examinations, and credit scoring will be the top issues at the National Association of Insurance Commissioners (NAIC) Spring Meeting (March 16 -19) in Reno, according to...
PIANY Opposes Reinstatement of Collision Damage Waivers
Mar 12 2002 // The Professional Insurance Agents of New York State has gone on record as opposing proposed legislation to reinstate collision damage waivers on private passenger vehicle rentals. Collision Damage Waivers (CDWs) –...
Proposed N.J. Regulation Offers Relief on Excess Profit Rule
Mar 11 2002 // The New Jersey Department of Banking and Insurance is proposing a regulation (PRN2002-103) that would change the way insurers calculate profits on personal automobile insurance. New Jersey statutes establish a reasonable...
IIAA Urges Consumer-Friendly Credit Scoring
Mar 11 2002 // The Independent Insurance Agents of America (IIAA) is telling state legislators that persuading insurers to modify their business practices offers a more effective solution than regulation in the debate over the use of...
Idaho Committee Approves Bill Restricting Use of Credit-Based Scores
Mar 11 2002 // The Idaho House Business Committee approved a bill March 7 prohibiting insurers from charging a higher premium or deciding not to insure a person based primarily on his or her credit rating or history. The bill now is...
NAIC SELF-AUDIT PRIVELEGE GETS SUPPORT
Mar 11 2002 // National Association of Insurance Commissioners’ (NAIC) draft language on self-audit legislation will help insurers comply with state laws and regulations without opening their doors to frivolous lawsuits or...
NAPSLO Mid-Year Meeting Largest in Association’s History
Mar 11 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association. Originally scheduled for last...
AAI Praises Oxley for Leadership on Terrorism Bill
Mar 8 2002 // The Alliance of American Insurers praised House Financial Services Committee Chairman Michael Oxley (R-OH) for signaling his desire to make necessary compromises with the Senate to pass a terrorism insurance bill in...
NCOIL’s Regulatory Modernization Model
Mar 8 2002 // The National Conference of Insurance Legislators (NCOIL) maintained the spirit of its regulatory modernization model law and added only two of the proposed amendments during its Spring Meeting in Charleston, S.C., which...
NAII Says Court Ruling Victory for N.J. Auto Reform
Mar 8 2002 // The New Jersey Appellate Court’s March 4, 2002 decision to uphold the pre-certification medical guidelines of the Auto Insurance Cost Reduction Act of 1998 (AICRA) is a positive step in promoting true auto reform,...
NAII Claims Federal Law, State Regulations Make Conn. Credit Bill Unnecessary
Mar 8 2002 // A bill that would virtually prohibit insurers from using credit scoring in underwriting auto and homeowners coverage in Connecticut is unnecessary in light of federal law and insurance department regulations, according to...
Wash. Bill Restricting Credit-Based Scores Awaits Gov.’s Signature
Mar 7 2002 // The state Senate has passed legislation restricting insurers’ use of credit-based insurance scores in Washington. House Bill 2544 passed the Senate March 4 by a 36 to 11 vote and now goes to Gov. Gary Locke, a...
NAII Claims Mo. Rule to License Adjusters after a Disaster Still Falls Short
Mar 6 2002 // A revised proposed state regulation on licensing insurance adjusters after a catastrophe again falls short of protecting Missouri consumers according to the National Association of Independent Insurers (NAII). NAII Counsel...
NAII Urges Legislators to Keep Regulatory Modernization Model Act ‘As Is’
Mar 4 2002 // The National Conference of Insurance Legislators’ (NCOIL) regulatory modernization model law is an important step in the effort to streamline state regulation and enhance a competitive insurance marketplace according...
Mo. Makes Privacy Regulation Compliant with
Mar 1 2002 // The Missouri Insurance Department has modified its consumer privacy regulation to make it fully compliant with the federal Gramm-Leach-Bliley (GLB) Act. National Association of Independent Insurers (NAII) Counsel Ann Weber...
RIMS President Testifies before Congress
Mar 1 2002 // The Risk and Insurance Management Society, Inc.’s President, David Mair, testified Feb. 28 before the House Financial Services Subcommittee on Oversight and Investigations on the necessity of terrorism insurance...
