Market conduct reform debate will highlight the summer meeting of the National Conference of Insurance Legislators in Boston this weekend.
The state lawmakers will consider adopting the model they originally approved in February of 2004, but then revised in the form of a market conduct model surveillance act jointly sponsored with the National Association of Insurance Commissioners.
Such joint sponsorship was intended to improve its appeal to state legislatures. But no state has even introduced the model, while Texas has adopted a market conduct reform act closer to the original NCOIL document.
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