NAIC Adds Privacy Provision For Comp Insurers

  1. NU Online News Service, Dec. 9, 4:27 p.m.EST?The National Association of Insurance CommissionersExecutive Committee has voted to include workers' compensationinsurers in a change to a model privacy regulation.

In reaction, the American Insurance Association said it was"disappointed" by the decision.

The amendment adopted by the NAIC Executive Committee, at thegroup's meeting in San Diego, requires insurers to provide privacynotices to workers' compensation policyholders, which was notrequired under the original model regulation, AIA said.

"The model privacy regulation was adopted almost two years agoby the NAIC. AIA and many others have worked hard since then toseek uniformity through the jurisdiction-by-jurisdictionpromulgation of the model. In addition, making changes at this latedate will require insurers to reevaluate or revise their privacycompliance programs after they have already invested millions ofdollars to conform to the original model regulation," said PaulBlume, AIA vice president in the Midwest region.

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