The National Association of Insurance Commissioners' executive committee has voted to make changes to its process for adopting model laws.
Under the new framework the parent committee and the executive committee must approve by simple majority vote the development of a model law before drafting begins, NAIC said.
To be approved, the model law must involve a national standard that requires uniformity amongst all states and receive the commitment of significant regulator and association resources to educate, communicate and support its state implementation, the NAIC statement said.
If the issue or matter does not meet the model law criteria, it will be developed as a guideline and will range in scope from laws, regulations, best practices, bulletins and other guiding principles that states may use but which do not necessarily require uniform adoption, according to the NAIC.
NAIC said staff support will begin working with the chairs of each committee, task force and working group to implement the new procedures in preparation for the association's June 1-4 Summer National Meeting in San Francisco.
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