The National Conference of Insurance Legislators is once again taking on state insurance regulators–this time on the issue of accreditation.
The state lawmakers contend the National Association of Insurance Commissioners has created so many accreditation standards that they are usurping legitimate legislative prerogatives.
In a letter to Walter Bell, NAIC's president and Alabama's insurance commissioner, NCOIL's president, Michigan Sen. Alan Sanborn, R-Richmond, wrote that NCOIL “believes the manner in which models are chosen as accreditation standards has been subtly degraded over the years–and perhaps, in a manner of speaking, when no one was looking.”
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