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NCOIL, NAIC, Other Groups Clash Over Insurance Rules, Rate Methods

By William Rabb (Reporter)

Tuesday, July 7, 2020 | 726 | 1 | 39 min read

A disagreement between two national insurance regulatory associations has boiled over into the national spotlight, with racial overtones and potential implications for how workers' compensation premiums could one day be determined. On one side is the National Council of Insurance Legislators, whose Executive Committee last week adopted a resolution urging the National Association of Insurance Commissioners to stay out of the lawmaking business. The NCOIL resolution takes issue with an NAIC draft white paper, posted last fall, that provides guidelines on how regulators should move awa...

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