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.
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.