BOSTON–Property-casualty insurance industry representatives toldstate lawmakers yesterday they have confidentiality concerns aboutthe National Conference of Insurance Legislators' proposed marketconduct model surveillance act.
Texas Rep. Craig Eiland, D-Galveston, said at the openingsession of NCOIL's summer meeting here that he will take commentsuntil August 9, and he hopes to have a final draft ready for thegroup's autumn meeting for approval by the Executive Committee.
American Insurance Association representative Catherine Paolinosaid the provision requiring carriers to produce data from athird-party vendor could put an unfair burden on them if the vendordeclines to produce such proprietary information.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 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.