Lawmakers will be looking at market conduct this weekend in Chicago at the summer meeting of the National Conference of Insurance Legislators, Albany, N.Y.[@@]
Other topics likely to surface include corporate governance and efforts to extend the Terrorism Risk Insurance Act of 2002.
The American Council of Life Insurers, Washington, says it will try to persuade lawmakers to stop intermediaries from linking life insurance insureds with beneficiaries who have no clear interest in the lives of the insureds.
But the market conduct discussions may be getting the most attention. NCOIL members will be reviewing the changes made by the National Association of Insurance Commissioners, Kansas City, Mo., to NCOIL’s Market Conduct Model Surveillance Model Act.