SAN FRANCISCO–Five model laws drafted by the National Association of Insurance Commissioners were moved along toward a final vote at the NAIC meeting here.
Among the models that will advance are: the Military Sales Practices model regulation; amendments to the Viatical Settlements model act; the Medical Malpractice Closed Claim Reporting model law; changes to the Long Term Care Insurance model act, which includes producer training requirements; and the Uniform Health Carrier External Review model act.
The models advanced during an executive committee session yesterday under a new NAIC procedural format. The meeting was convened to decide solely whether the models should continue to have model status or not. Models that are ready for consideration for full adoption by the NAIC will be considered before the executive and plenary session today.
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