NAMIC Backs Delay of Market Conduct Plan

The National Association of Mutual Insurance Companies (NAMIC) has joined a panel of state lawmakers in pushing to postpone a requirement that carriers be required to include market-conduct data with the annual financial statements they now submit to the National Association of Insurance Commissioners (NAIC).NAMIC voiced concerns about the confidentiality of the data following a vote by a committee of the National Conference of Insurance Legislators (NCOIL) to delay NAIC's plan to require filing of the data, which is now filed with state insurance departments.NCOIL's State-Federal Rela...