More domestic deference and less regulatory discretion are key goals for insurers seeking revisions of the current Market Conduct Surveillance Model Act, according to industry letters sent to a state lawmakers group.
The National Conference of Insurance Legislators at their summer meeting in Boston will be considering revising the model they approved in 2004 with the National Association of Insurance Commissioners.
At the time, NCOIL had to make some compromises from their own version that was generally thought to be more pro-industry to accommodate the regulators and present a united front to state legislatures and, more importantly, federal lawmakers considering taking over insurance regulation.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
