Close Close

Life Health > Life Insurance

Groups Want NAIC Hands Off Fingerprint Issue

Your article was successfully shared with the contacts you provided.

Several insurance trade groups are asking insurance commissioners to drop further work on a fingerprint model the National Association of Insurance Commissioners has been working on for more than 3 years.

State insurance regulators should “forgo any further discussion or consideration of the proposal,” the groups write in the letter, which was sent to NAIC President Alessandro Iuppa, the Maine insurance superintendent, and to Susan Voss, the Iowa insurance commissioner and chair of the NAIC’s Market Regulation and Consumer Affairs Committee.

The letter is signed by the Independent Insurance Agents and Brokers of America, Alexandria, Va.; the Life Insurers Council, Atlanta; the National Association of Mutual Insurance Companies, Indianapolis; the National Association of Professional Surplus Lines Offices, Kansas City, Mo.; and, the Property Casualty Insurers Association of America, Des Plaines, Ill.

The “Authorization for Criminal History Record Check Model Act” is “broad, misguided, and unnecessary” and “its adoption would undermine efforts to create greater reciprocity and uniformity in insurance regulation,” the groups argue in the letter.

Some have suggested that “the languishing proposal is unlikely to be revived, and we hope that is the course followed by the NAIC,” the groups write.

The NAIC’s market regulation committee met with silence recently when it tried to get the motion needed to send the model act up to the NAIC’s Executive Committee.