Our Positions | Commercial Lines Modernization

Between 1998 and 2001, more than half of the states enacted commercial lines modernization legislation, freeing sophisticated commercial entities and their insurers from the burden of having to comply with regulatory rate and form requirements.

These statutes, known as exempt commercial policyholder laws, define sophisticated commercial insureds by factors such as premium, number of employees, net revenue, sales or worth, and retention of a risk manager. Insurance transactions involving exempt policyholders as defined are not subject to the same rate and form filing requirements that would apply to transactions with smaller, less sophisticated commercial entities.

NAMIC Position

NAMIC strongly favors regulatory modernization, viewing it as a key component to overall regulatory reform necessary to preserve and improve the state-based system of insurance regulation.

NAMIC News on Commercial Lines Modernization


Erin Collins
Senior Vice President - State and Policy Affairs