Members of a key National Association of Insurance Commissioners panel seem to be reluctant to touch a controversial fingerprinting proposal.
Officials on the Market Regulation and Consumer Affairs Committee at the NAIC, Kansas City, Mo., recently talked for an hour about the Authorization for Criminal History Record Check Model Act and efforts to move the model to the executive committee.
After the discussion, Iowa Commissioner Susan Voss, chair of the committee, called for a motion on the model. She received no response.
Longtime industry observers, who expect insurance commissioners to talk about the model in February, say they have never heard of such a lack of a response to a call for a motion.
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The lack of response suggests that regulators may not be comfortable with the current version of the model, observers say.
The fingerprinting model would set up a national system for collecting life insurance agent and broker fingerprints. The system also might collect the fingerprints of life insurance company officers.
The National Association of Insurance and Financial Advisors, Falls Church, Va., has been supporting passage of the model and has expressed disappointment at the failure of the market regulation committee to move the model to the executive committee.