The National Association of Insurance Commissioners' proposed rate and form model has drawn the opposition of consumer advocates and property-casualty insurance trade groups.
In comments to the Personal Lines Regulatory Framework Working Group, the two groups fault the model for failing to meet the needs of 21st century regulation but oppose the proposal from radically different perspectives.
The National Association of Mutual Insurance Companies called the proposed model a “step backward” in efforts to streamline rate and form regulation.
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