NEWSROOM

Distracted Driving

Global Insurance Markets Focus of NAIC International Insurance Forum

U.S. and international insurance regulators focused on emerging issues for the supervision of insurers and reinsurers operating globally during the 12th annual NAIC International Insurance Forum.

SC Passes NAIC Cyber Model

NAIC Vice President and South Carolina Insurance Director Ray Farmer leads the way as South Carolina is the first state to pass the NAIC Insurance Data Security Model Law.

 

Read the news release (South Carolina Department of Insurance)

State Regulators Fight Unfair Air
Ambulance Billing

The NAIC supports inclusion of language in the Federal Aviation Administration (FAA) Reauthorization bill to protect consumers from excessive air ambulance expenses. The NAIC applauds the House for inclusion of such language and urges the Senate to do the same.

Read the Comment Letter

NAIC Comments on Short-Term, Limited Duration Insurance

The NAIC submitted comments to the U.S. Department of Health and Human Services (HHS) on the proposed rule on Short-Term, Limited Duration Insurance.

Read the Comment Letter

Distracted Driving

Keep The Road Code: NAIC Unveils Distracted Driving Awareness Campaign

April is Distracted Driving Awareness Month, and the NAIC today announced the launch of Keep the Road Code, a new campaign that focuses on preventing distracted driving. This campaign aims to educate consumers on the dangers of driving while distracted whether it is from impairment, texting or doing anything that takes their eyes off the road or hands off the wheel.

UPDATE: P/C Actuarial Opinion Instructions With Revised Qualified Actuary Definition

In August 2017 the NAIC, in collaboration with a consultant, began a Job Analysis Project to revise requirements for the Property/Casualty (P/C) Statement of Actuarial Opinion (instructions) using an evidence-based definition of a "Qualified Actuary." The resulting proposed instructions incorporate an expanded definition of "Qualified Actuary" based largely on the results of the Job Analysis Project, with the addition of professionalism requirements.

The instructions with definition were exposed for a 45-day comment period ending Feb. 12. The comments are posted here, along with two memorandums addressing the instructions and proposed next steps.

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