The law, based on an NAIC Model Act
, allows the formation of a comprehensive regulatory framework for insurers licensed in Delware.
NCPA is also working with certain states to pass comprehensive PBM regulations patterned after a new PBM model act
that the group helped draft and which was approved by the National Council of Insurance Legislators last December.
HONOLULU, Hawaii -- A model act
to require that licensed insurance companies notify their state regulators when they are engaged in activities defined generally as "fronting," has been adopted by the National Association of Insurance Commissioners, meeting here for its winter national meeting.
This includes the hallmark RTI (Right to Information Act), Universities Model Act
2016, MTI (Medical Teaching Institutions Reforms Act, 2015)) and Right to Service Act.
proposed Model Act
Governing Assisted Reproductive Technology Agencies.
4, also found that more than three-fourths of regulators implementing NASAA's Model Act
to Protect Vulnerable Adults from Financial Exploitation were able to prevent senior financial exploitation by stopping the distribution of funds to fraudsters.
The Model Act
would bring uniformity in the legislative provisions, making it easier for all the states to adopt it and thereby ensuring uniform working conditions across the country.
That's because the North American Securities Administrators Association (NASAA) recently voted to adopt a model act
designed to better address financial abuse.
At the spring meeting, NCOIL gave its Long-Term Care Tax Credit Model Act
, which was first adopted by the NCOIL Executive Committee in 2001, a routine five-year renewal.
In legal circles, a preceding "Uniform" in a legislative act is a squawking red herring and, in this context, means a law is based on a model act
recommended for adoption by the various jurisdictions.
Around that time, the issue was taken up by the National Conference of Insurance Legislators (NCOIL), which adopted the Insurance Compliance Self-Evaluative Privilege Model Act
the following year.