The NAIC adopted a resolution to protect the ability of licensed insurance professionals to continue to serve the public. The resolution affirms the important role of health care insurance agents in providing services to consumers and businesses as standards for implementing the Patient Protection and Affordable Care Act (PPACA) are developed.

“State insurance regulators recognize the important service that agents provide to all consumers as they make critical health care decisions for their families,” said Jane L. Cline, NAIC President and West Virginia Insurance Commissioner.

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Click HERE to view the resolution.

The NAIC Executive Committee/Plenary overwhelmingly approved final implementation of the Medical Loss Ratio (MLR) Blanks Proposal to implement a provision of the Patient Protection and Affordable Care Act (PPACA).

Blanks are the actual forms submitted by insurance companies to report financial information to state regulators. Regulators will then review this data to calculate MLR and any rebate required under the new federal law.

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Medical Loss Ratio (MLR) Blanks Proposal

Click HERE for more information on NAIC health care reform efforts.

At its Summer National Meeting in Seattle, the NAIC Solvency Modernization Initiative (SMI) Task Force released an updated SMI Roadmap. The document tracks the progress of the various NAIC working groups charged with solvency and financial regulatory concerns.

"This new version of the roadmap builds on the task force's considerable research on solvency structures from all over the world," said Christina Urias, Chair of the Solvency Modernization Initiative Task Force and Arizona Director of Insurance.

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Click HERE for the the SMI web page.

Click HERE for the the SMI Roadmap.