A National Association of Insurance Commissioners task force said it will support House legislation that would remove agent commissions from the medical loss ratio.
The National Conference of Insurance Legislators (NCOIL) appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform law passed by Congress earlier this year.
Industry groups reiterated their support for a National Conference of Insurance Legislators' proposal to implement a new surplus lines law, rather than a competing National Association of Insurance Commissioners' proposal.
Implementation of the federal law streamlining multistate taxation and regulation of business placed in the E&S market is rapidly morphing into an intense confrontation between industry representatives and state regulators.
The National Association of Insurance Commissioners will likely adopt a minimal plan to collect surplus lines insurance taxes without tackling the bigger issue of uniform regulation between the states after an association's task force vote last week.