Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
NAII Notes Build in Momentum as 25 States Sign Producer Licensing Bills
Jun 7 2001 // With over a year remaining on the November 2002 deadline, 25 state legislatures have enacted reciprocal producer licensing laws while bills in another 11 states are awaiting the governors’ signatures. The producer...
Ill. Producer Licensing Legislation, Insurance Guaranty Fund Bills Await Governor’s Signature
Jun 6 2001 // As the 2001 Illinois General Assembly session comes to a close, the insurance industry awaits Governor Ryan’s signature on bills addressing producer licensing and the State insurance guaranty fund. The National...
AIA Seeks Exemption for Workers’ Comp Managed Care Programs
Jun 6 2001 // The American Insurance Association (AIA) is calling on the Massachusetts Legislature’s Joint Health Care Committee to approve an AIA-filed bill (HB 3310) to exempt workers’ compensation programs from new...
NAII Calls Defeat of Privacy Bill Victory for Calif. Consumers
Jun 5 2001 // Financial privacy legislation that would have limited services to policyholders and increased costs for insurers failed to reach a majority vote Wednesday in California’s Assembly Banking & Finance Committee. At...
NAMIC Endorses Increase of Small Company Tax Exemption
Jun 4 2001 // The country’s smallest, mostly rural, insurance companies would receive a tax benefit if federal legislation introduced recently becomes law. Reps. Jim Nussle, R-Iowa; Jim Ramstad, R-Minn.; and Earl Pomeroy, D-N.D.;...
The Big ‘I’ Goes to Washington
Jun 4 2001 // It was a new year, a new administration, and a new round of visits on Capitol Hill. Although not as critical a legislation year as past years, the issues remained as pressing as ever, and the 800 attendees of the 25th...
Wade Spilman: Peerless Advocate, Irreplaceable Friend
Jun 4 2001 // Wade Spilman was always proud to say that, even though he wasn’t an insurance agent, he spent so much of his life working with, and on behalf of, agents that he often found himself thinking like an agent. IIAT will...
Financial Services Integration: A Question of Privacy
Jun 4 2001 // Mailboxes throughout the West have been rapidly filling with literature outlining the “Privacy Policy” of virtually every organization that has ever taken a credit application. As the Gramm-Leach-Bliley Act...
Kansas Governor Signs Insurance Bills Into Law
Jun 1 2001 // The American Insurance Association (AIA) noted that the adjournment on May 8th of the Kansas legislature ended a 10-week session marked by several important victories for the associaiton. Earlier in the week, Governor Bill...
Maine Enacts Financial Privacy Bill
May 31 2001 // Maine Governor Angus King signed into law a financial services privacy bill (LD 1640), which is, according to the American Insurance Association (AIA), consistent with the federal privacy regulations in Title V of the...
Minn. Governor Signs Producer Licensing Legislation, Senior No-Fault Wage Benefits
May 31 2001 // Minnesota Governor Jesse Ventura signed insurance producer licensing legislation that appears to meet the reciprocity requirements of the federal Graham-Leach-Bliley (GLB) Act. The Act requires twenty-nine states to pass...
Legislation to Protect Small Businesses from Hazardous Liability Litigation Passed
May 30 2001 // Legislation that would provide Superfund liability protection for small-businesses that disposed of municipal solid waste before April 1, 2001 recently passed the U.S. House of Representatives. According to Julie...
NAMIC Endorses Increase of Small Company Tax Exemption
May 29 2001 // According to National Association of Mutual Insurance Companies (NAMIC), the country’s smallest, mostly rural, insurance companies would receive a tax benefit if legislation introduced recently in the House of...
NAII Notes Penn. Privacy Reg Corrects ‘Opt-Out’ Problem, But Still Includes Workers’ Comp May 25, 2
May 25 2001 // According to the National Association of Independent Insurers (NAII), the Pennsylvania Insurance Department’s revised draft regulation on consumer privacy remedies an “opt-out” provision that may have...
Agents Must Comply with GLBA Despite Failure of California Bill
May 25 2001 // Agents and Brokers were notified recently that they are required to comply with consumer privacy portions of the Gramm-Leach-Bliley Act (GLBA) despite the failure of a bill in the California legislature. Congress enacted...
Most States Will Not Meet GLBA Deadline, NAMIC Survey Says
May 22 2001 // Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance...
The Big ‘I’ Goes to Washington
May 21 2001 // It was a new year, a new administration, and a new round of visits on Capitol Hill. Although not as critical a legislation year as past years, the issues remained as pressing as ever, and the 800 attendees of the 25th...
AIA Blasts Decision Ore. Supreme Court Ruling
May 16 2001 // According to the American Insurance Association (AIA), the decision handed down by the Oregon State Supreme Court in Smothers v. Gresham Transfer, Inc. will undermine the exclusive remedy clause, a cornerstone of the...
Info-laden Site Helps Texas Agents
May 14 2001 // When I bought my minivan, I refused to buy it from my local dealership. The reason? The local sales rep added no value to my sales transaction. He was satisfied in having me or a rep from another dealership do all of the...
UTAH CREDIT SCORING LAW TAKES EFFECT
May 13 2001 // Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on...
