NU Online News Service, Aug. 21, 2003, 5:20 p.m. EDT – The National Conference of Insurance Legislators, Albany, N.Y., could have the first draft of a proposed market conduct model law ready for review by Aug. 25.
NCOIL plans to hold a hearing on the proposed model Sept. 12 in Chicago, according to Tim Tucker, the group’s director of state-federal affairs.
If all goes well, NCOIL could adopt the model in November, at its annual meeting in Santa Fe, N.M., Tucker says.
Meanwhile, regulators who have participated in a market conduct data call organized by the National Association of Insurance Commissioners, Kansas City, Mo., say they will probably repeat the data call in 2004.
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The life data will probably be due in April 2004, and the due date for the property-casualty data is still under discussion, according to Sue Stead, an Ohio regulator.