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News Archive: Rate Modernization


NAIC Reinsurance Task Force Pushes ‘Modernization’ Plan, Acknowledges Congressional Act May be Required

Insisting that it is taking a middle ground in its proposal that eases alien reinsurers’ participation in the U.S. reinsurance market, an NAIC committee heard lengthy industry and public testimony on that proposal Wednesday and Thursday in New York. (Posted: 7/29/2008)

New York Flex-rating Insurance Legislation Demonstrates Significant Momentum of State Rate Modernization, NAMIC Says

(INDIANAPOLIS) June 25, 2008 – Passage of auto flex-rating legislation in New York shows there is significant momentum in the states for enacting laws to modernize the regulation of property/casualty insurance rates, according to the National Association of Mutual Insurance Companies (NAMIC). (Posted: 6/25/2008)


NAMIC–backed Rate Reform Legislation Signed by Kansas Governor

Rate modernization legislation advocated by NAMIC was signed into law on May 13 by Gov. Kathleen Sebelius. (Posted: 5/20/2008)


Georgia: Governor Gives Nod to Rate Modernization

Saying, “I believe the market should be allowed to regulate automobile insurance rates,” Georgia Gov. Sonny Perdue signed SB 276 into law last week. (Posted: 5/20/2008)

NAMIC–backed Rate Reform Legislation Signed by Kansas Governor

Legislation advocated by NAMIC was signed into law by Gov. Kathleen Sebelius, taking a significant step toward insurance rate modernization. (Posted: 5/13/2008)


Georgia: Three Success Stories for Insurers Last Week

As the Georgia Legislature sped to its crossover deadline, it engaged in a flurry of activity resulting in three successes for insurers. (Posted: 3/11/2008)


Kansas: Senate Committee Approves Rate Modernization Bill

The Senate Insurance Committee on Tuesday overwhelmingly approved SB 560, a proposal to adopt the National Conference of Insurance Legislators’ Flex-Rating Model Act. The bill will be debated by the full Senate on Thursday or Friday. (Posted: 2/27/2008)


Kansas: NAMIC Testifies on Rate Modernization Bill

Republican Senate Insurance Committee Chair Ruth Teichman held a meeting to hear testimony on SB 560, based on the National Conference of Insurance Legislators’ Flex-Rating Model Act and related issues. The bill would adopt NCOIL’s model. (Posted: 2/26/2008)

NAMIC Testifies in Favor of Flex Rating Bill Before Kansas Legislative Committee

NAMIC on Feb. 21 urged members of a Kansas Senate panel to pass rate modernization legislation. Senate Bill 560 would establish a flex rating system that allows property/casualty insurers to increase or decrease rates within a 12 percent flex band without regulatory approval. (Posted: 2/21/2008)


Kansas: NAMIC to Testify on Rate Modernization Bill

Senate Insurance Committee Chair Ruth Teichman has scheduled a hearing for this Thursday to hear testimony on SB 560, based on the National Conference of Insurance Legislators’ Flex-Rating Model Act. NAMIC has been asked to testify on the bill. (Posted: 2/19/2008)


New York: Financial Services Modernization Panel Seeking Insurer Input (2/5/2008)


Georgia: House Subcommittee Considers Rate Modernization (1/29/2008)

Kansas Task Force Recommends Adoption of NAMIC-supported Rate Modernization Legislation (10/29/2007)

Massachusetts: Insurance Commissioner Moves to Give Consumer Lower Rates, Greater Choice, and More Protections; NAMIC Comments (7/17/2007)


New Mexico: Public Regulation Commission Prepares for Implementation of Rate Modernization Legislation (7/17/2007)


New York: Regulatory Modernization Sponsor Chosen to Chair Insurance Committee (6/12/2007)


New Mexico: ‘File and Use’ Rate Modernization Law Effective July 1 (6/5/2007)


North Carolina: Modernization Efforts Gaining Momentum (5/29/2007)


New York: NYIA Regulatory Modernization Proposal Outlined for Administration Officials (5/8/2007)


New Mexico: Busy Two-Month Session Adjourns on Good Note (4/17/2007)


North Carolina: Group Moves Modernization Agenda Forward (4/3/2007)


New Mexico: Rate Modernization Bill Passes Out of Senate (3/6/2007)

More Catastrophe-Related Laws Enacted in 2006, Annual NAMIC Survey of State Insurance Laws Reveals (2/22/2007)


North Dakota: NAMIC Submits Testimony on Rate Modernization Bills (1/30/2007)


Indiana: Commercial Form Modernization Legislation Slated for Critical Hearing (1/19/2007)


NAMIC: Issue Briefs on New York Rate Modernization Initiative; Graduated Driver’s Licenses Published (8/21/2006)


Proposed NAIC Rate, Form Model Draft Represents ‘Step Backwards,’ NAMIC Official Asserts (7/13/2006)


Maryland: Further Rate Modernization for Commercial Insurers Enacted (6/5/2006)


Tennessee: House Passes County Mutual Modernization Bill; Next Stop Is Governor’s Desk (5/8/2006)


New York: Regulatory Modernization Bill Introduced in State Assembly (5/1/2006)


Tennessee: Senate Passes County Mutual Modernization Bill; Moves to House (4/24/2006)

Auto Insurance-Related Bills Dominate 2005 Legislation Enactments, Annual NAMIC State Laws Survey Shows (3/31/2006)

NAMIC 2005 Survey of New State Insurance Laws Summary and Analysis (3/31/2006)

Insurance Regulatory Reform, Asbestos Reform Top NAMIC’s 2006 Federal Affairs Agenda (3/1/2006)


Illinois: Director McRaith, Governor Blagojevich Committed to Rate Freedom (2/21/2006)

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