Regulation/Legislation

The NAIC approved regulations for implementing medical loss ratio provisions of the new health care reform law and vowed to continue to work to resolve concerns agents and brokers have regarding the rules impacting their compensation.

NAIC issues medical loss ratio guidelines.

Florida has a high concentration of older residents and a history of being a place where some have gone to try to take advantage of others.

The Property Casualty Insurers Association of America and the American Insurance Association are voicing concern to the Treasury Department about its plan for making payments to and getting funds from insurers following a terrorism incident.

Oklahoma Insurance Commissioner Kim Holland is seeking to get back about $102 million from all those involved in the acquisition of a now-insolvent insurance company.

Regulators' proposed solution to the allocation of surplus lines taxes met industry opposition as regulators worked on a proposal to present to state legislators by the beginning of the year.