Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
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...
NAII Opposes RI Insurance Legislation
Feb 28 2002 // Gerald L. Zimmerman, senior counsel for the National Association of Independent Insurers, said that several insurance-related bills scheduled to be considered by the Rhode Island Senate Corporations Committee would stifle...
AAI Objects to Changes in Calif. Auto Rate Rules
Feb 27 2002 // Proposed changes to the way California allows insurers to compute auto insurance rates will result in a return to a confusing system that generates arbitrary rates, to the ultimate detriment of consumers, according to the...
NAII Offers Update on Credit Scoring Legislation
Feb 25 2002 // The National Association of Independent Insurers has issued a bulletin which lists the status of legislation in various states concerning the use of “credit scoring” by insurers. A rundown of the Eastern region...
ISO Launches State Filing Handbook and Forms on ISONET
Feb 25 2002 // Insurance Services Office, Inc. (ISO) has announced the availability of its authoritative guide on state insurance laws and regulations, State Filing Handbook & State Filing Forms, on ISOnetSM, ISO’s secure...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
CDI Urged to Wait before Implementing Proposed Privacy Regulations
Feb 25 2002 // We strongly encourage the Department to wait before they actually promulgate these regulations.” That sentiment was offered during testimony given Feb. 8, by Steve Young, senior vice president and general counsel for...
