SAN FRANCISCO–Property-casualty insurance industry representatives have expressed concerns at the National Association of Insurance Commissioners meeting here about the NAIC's new procedure for developing model laws.
The trade groups said they fear there is confusion in the process about the status of guidelines that will be put at a level below a law but could still be treated as such in certain circumstances.
Process changes were first announced last month and are undergoing their first challenges here at the NAIC's summer meeting.
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