The Property Casualty Insurers Association of America, a national trade association with 1,000 member companies, was among those who testified against a New Jersey state legislative proposal that would require most insurance company employees to register as lobbyists. The proposal was put forth by the New Jersey Election Law Enforcement Commission.
“This proposal would define as a lobbyist almost any insurance company employee involved in rating, public contracts, permits, bidding, or administration,” said Richard Stokes, regional manager for PCI at a hearing before the commission.
His testimony was reinforced by comments from more than 100 public figures in related industries. Based on this, the commission reconsidered, saying, “The commission does not believe that it was the legislature's intent that the definition of 'influencing governmental processes' be applied so broadly that each employee of a governmental affairs agent, who is somehow engaged in activity related to governmental processes, would be required to register as an agent.” It recommended that the amendment be clarified to include only those directly influencing legislation and regulation.
“This is a clear victory for the insurance industry and the business community in general. We're pleased the commission listened to those who testified and is willing to make changes,” said Stokes.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.