Insurance trade groups still are taking stock of a failure to get even a motion for a fingerprinting model regulation and are awaiting word from the National Association of Insurance Commissioners on what will happen next.
Iowa Commissioner Susan Voss, chair of the NAIC’s “D” Committee, said she plans to talk with commissioners at an annual commissioners’ gathering that runs Feb. 5-8 to determine what steps to take next.
In an interview with National Underwriter, Voss offered her reaction and thoughts on the future of the “Authorization for Criminal History Record Check Model Act.”
During a recent teleconference, after an hour of discussion on the model and how it would be moved to the Executive Committee, a precursor to full adoption, Voss called for a motion on the regulation and received no response.
“Quite frankly, I knew there was a lot of disagreement over the model,” Voss said, adding that when she became chair of the “D” committee in January 2005, the model already had been under development for some time.
Indeed, points of contention included whether officers and directors should be required to be fingerprinted rather than focusing the model on the fingerprinting of producers as well as where the prints should be housed. The NAIC had proposed creating a central depository, but some in the industry had argued that the responsibility should rest with the National Insurance Producer Registry, a joint industry-regulator body.
But Voss said she still was surprised that nothing was voted out of the group to the NAIC’s Executive Committee and potentially to Plenary for adoption.
It is still possible that a fingerprint model will be crafted and adopted by state insurance regulators but in an entirely new way, according to Voss.
“If we see anything, it is not going to look like what was voted on,” she added.
The model generated disagreement even at the commissioner level, Voss explained. “It went on for so long that everything was thrown in.”
Voss is optimistic that there could be a fingerprint model adopted by the NAIC this year, but it will require a “fresh start.”