American Council of Life Insurers staffers are getting ready to talk about viatical settlements, travel insurance, hybrid securities and market conduct at the fall meeting of the National Association of Insurance Commissioners.

The NAIC, Kansas City, Mo., plans to start the 4-day meeting Sept. 9 in St. Louis.

The ACLI, Washington, is particularly interested in discussions about the definition of “viatical settlement” included in the Viatical Settlement Model Act, and in discussions about Section 10 of the model, which addresses prohibited practices, according to Michael Lovendusky, ACLI associate general counsel.

The ACLI would like to see the NAIC adopt a broader definition of viatical settlement, and it would like to see the revised model require consumers to hold life policies for 2 years before selling the policies, Lovendusky says.

North Dakota Commissioner Jim Poolman has talked about the possibility that the revised model might require consumers to hold life policies for at least 5 years before selling.

The ACLI is waiting to see whether the wording of that provision will be available at the fall meeting, Lovendusky says.

The ACLI also plans to participate in a public hearing on travel insurance.

“ACLI supports existing and proposed state laws that track the NAIC Model Unfair Trade Practices Act and prohibit unfair underwriting actions, including those that might be taken on the basis of travel,” Whit Cornman, an ACLI spokesman, says.

But “ACLI would have concerns about any proposed legislation or regulation that would limit life insurers’ ability to treat their existing and prospective customers fairly and to classify risks in a financially prudent manner,” Cornman says.

Linda Lanam, an ACLI vice president, will be monitoring discussions about risk classification of hybrid securities and a number of changes in market conduct rules.

The ACLI will be following proposed changes to the market conduct annual statement, uniform definitions of market conduct complaints and new standards for a market regulation handbook developed by the NAIC’s market conduct uniformity working group.

The ACLI also wants to talk about whether regulators need all of the market conduct data they have been collecting over the past few years and what entity should be the primary handler of company data, Lanam says.