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Life Health > Health Insurance

NAIC Roundup: IIPRC, Market Conduct, Kansas City, More

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Mary Jo Hudson will continue to be the chair of the management committee at the Interstate Insurance Product Regulation Commission (IIPRC).

The IIPRC runs a single office that handles filings for all jurisdictions that have agreed to participate in an interstate filing compact. The commission announced the results of its 2011 officer elections in Orlando, Fla., at the fall meeting of the National Association of Insurance Commissioners (NAIC), Kansas City, Mo.

Hudson also was IIPRC chair in 2010.

New Hampshire Insurance Commissioner Roger Sevigny was elected vice chair, and North Carolina Insurance Commissioner Wayne Goodwin was elected treasurer, officials say.

The commission also adopted standards for participating jurisdictions for individual life graded death benefits and individual life longevity benefits.

The 36 jurisdictions that participate in the compact are Alaska, Colorado, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.

In other NAIC meeting news:

- The NAIC says 34 jurisdictions have signed a market conduct annual statement (MCAS) data terms of use agreement. The participating jurisdictions will use a new automated system to collect MCAS data and store the data at the NAIC.

Officials expect 13 more jurisdictions to sign the terms of use agreement by Dec. 1.

- The NAIC Executive Committee has agreed to proceed with efforts to move the NAIC’s central office to Town Pavilion in downtown Kansas City, Mo., from Crown Center.

The lease at Crown Center is set to expire in January 2012.

The NAIC’s central office has about 460 employees. The NAIC also has offices in Washington and in New York.

In an annual report filed with the office of the Missouri secretary of state in 2009, the NAIC says it is organized under the laws of Delaware and has its principal place of business in Kansas City.

- The National Association of Health Underwriters (NAHU), Arlington, Va., has praised NAIC efforts to persuade Kathleen Sebelius, the secretary of the U.S. Department of Health and Human Services, that she should recognize the role licensed health insurance agents and brokers perform in the U.S. health care delivery system.

“We are pleased that the NAIC recognizes and underscores the essential role professional agents and brokers serve in our health system,” NAHU Chief Executive Janet Trautwein says in a statement. “The goal of health care reform was to provide affordable and quality health care to all Americans, and we must keep these goals in mind as we develop important medical loss ratio guidelines. The NAIC properly notes that we must also keep in mind that consumer and employer access to professional benefit specialists will be particularly important in a reformed health care system.”


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