The National Conference of Insurance Legislators may revamp a major legislative proposal that is just 2 years old.
NCOIL, Troy, N.Y., is starting to review comments about the idea of replacing the current Market Conduct Surveillance Model Act.
NCOIL and the National Association of Insurance Commissioners, Kansas City, Mo., approved the model in 2004.
NCOIL made a number of compromises to win NAIC support for the model, to present a united front to state legislatures and members of Congress.
But no states have approved the joint model. NCOIL is preparing to review the model at its upcoming summer meeting in Boston.
Some state lawmakers want NCOIL to go back to the drawing board and approve a model closer to NCOIL’s original vision.