BOSTON–Property-casualty insurance industry representatives told state lawmakers yesterday they have confidentiality concerns about the National Conference of Insurance Legislators' proposed market conduct model surveillance act.
Texas Rep. Craig Eiland, D-Galveston, said at the opening session of NCOIL's summer meeting here that he will take comments until August 9, and he hopes to have a final draft ready for the group's autumn meeting for approval by the Executive Committee.
American Insurance Association representative Catherine Paolino said the provision requiring carriers to produce data from a third-party vendor could put an unfair burden on them if the vendor declines to produce such proprietary information.
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