Opinions Diverge On Market Conduct Recent industry discussions suggest that there is significant disparity over how to create a market conduct mechanism, a goal most support.
That disparity was highlighted at a public hearing sponsored by the National Conference of Insurance Legislators, Albany, N.Y. It was evident again during a discussion among regulators and insurers over how to proceed with a market conduct annual statement project currently being developed by the National Association of Insurance Commissioners, Kansas City, Mo.
There is a “strong desire” on the part of trade groups to see NCOIL work in collaboration with the NAIC, said Tim Tucker, NCOIL director of state-federal affairs.
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