State Initiatives - NCOIL, NCSL

ABIA participates in two forums attended by state legislators, the National Conference of Insurance Legislators (NCOIL) and the National Conference of State Legislatures (NCSL). Below are documents pertaining to their deliberations. Be sure to also check our section on NAIC activities since many of the topical debates - on producer licensing and disclosure, for example - will have multiple stakeholders.

Model Acts and Documents:

• NCOIL Model Producer Compensation Disclosure Amendment (3-5-05)
• NAIC-NCOIL Model Producer Compensation Disclosure Amendment Comparison (3-5-05)

The Smart Act - Oxley/Baker Draft Legislation

Below is a discussion draft of the proposed legislation implementing the Roadmap to Insurance Regulatory Reform authored by House Financial Services Committee Chairman Mike Oxley (R-OH) and Capital Markets Subcommittee Chairman Richard Baker (R-LA).  It is in its original form and is expected to change.

• Insurance Draft Summary (8-19-04)
• Title 1 - General Provisions (8-19-04)
• Title 2 - Market Conduct and Uniform Standards (8-19-04)
• Title 3 - Insurer Licensing (8-19-04)
• Title 4 - Producer Licensing (8-19-04)
• Title 5 - Life Insurance (8-19-04)
• Title 6 - Commercial Property and Casualty Insurance (8-19-04)
• Title 7 - Personal Lines Property and Casualty Insurance (8-19-04)
• Title 8 - Surplus Lines and Independently Procured Insurance(8-19-04)
• Title 9 - Reinsurance (8-19-04)
• Title 10 - Antifraud Network (8-19-04)
• Title 11 - Viaticals (8-19-04)
• Title 12 - Miscellaneous Insurance (8-19-04)
• Title 13 - Receivership (8-19-04)
• Title 14 - Financial Surveillance (8-19-04)
• Title 15 - State-National Insurance Coordination Partnership (8-19-04)
• Title 16 - Creating Competition Insurance Markets (8-19-04)
• Title 17 - Scope (8-19-04)

Gramm-Leach-Bliley Act Implementation

ABIA worked closely with the federal banking agencies to secure appropriate regulations implementing the insurance provisions of GLBA. Follow the links below to read all the relevant documents in this process.

GLBA Section 305 Regulations:

• EGRPRA Comment Letter to Regulators (10-4-04)
• Regulators' Response on Section 305 Renewals (2-28-03)
• Federal Register Notice on Section 305 Compliance Deadline Extension (3-19-01)
• The Gramm-Leach-Bliley Act - Taking Advantage of Insurance Provisions