NCOIL Elects Majority-Diverse Officer Group, Adopts Policy on Timely and Important Insurance Issues
Additionally, a new slate of Officers was elected for the upcoming year which featured a majority-diverse group for the first time in NCOIL history.
"During my final meeting as NCOIL President, I was pleased to see the organization finish off 2023 in a really strong way and continue building on the momentum of the past few years," said
The packed agenda featured discussions on topics such as: the continued growth and prevalence of artificial intelligence; the return of the
NCOIL CEO Commissioner
At the traditional Welcome Breakfast,
The policy Committee meetings then kicked off with the
"The Committee had a very productive meeting in
Following that, a general session titled "Artificial Intelligence: A Major Benefit or Likely Menace for Insurance and Society?" was moderated by
The Workers' Compensation Insurance Committee, chaired by
"This was a busy agenda for the Workers' Compensation Committee and I'm glad we were able to cover a lot of material and provide valuable information for legislators to take home to their states," said
3
"This was an important time for the Committee to meet, particularly in light of the recent DOL Fiduciary rule proposal. The proposed rule undermines the state-based system of insurance regulation and our meeting made clear that state legislators will stay vigilant and push back on any and all attempts by the Federal government to encroach on that system," said
The day concluded with the meeting of the Nominating Committee which voted to recommend the slate of new officers for next year.
"It is important that we continue to strive to make NCOIL look more like America and that starts with our leadership. Diverse perspectives are essential to the success of any organization especially one that influences public policy in every state across the country," said
Friday began with a meeting of the
A very productive NCOIL-NAIC Dialogue was then held which included a strong lineup of NAIC representatives:
"I was glad to see the positive working relationship between NCOIL and the NAIC continue to strengthen this year. Coming together to exchange our perspectives and ideas is essential in creating the best insurance public policy possible for consumers. We made significant progress discussing a wide array of issues in
Ohio Lieutenant Governor
NCOIL CEO Commissioner
4
public policy nationally through his leadership at the NAIC. I was very proud to present this award to him on behalf of NCOIL," said Cmsr. Considine.
The focus then shifted to the final part of a yearlong series of general sessions focused on different types of Environmental, Social, and Governance (ESG) policy, with this session focusing on governance aspects and serving as a summary of the series. The series was co-facilitated by New York Assemblywoman
"This was a valuable series that provided legislators with nuanced perspectives on all three components of ESG policy. I was particularly happy with how the series sparked a constructive dialogue among our members which will serve us well as we deal with ESG issues in our respective legislatures," said Asw. Hunter.
Following that was a meeting of the
The Committee also re-adopted with amendments the NCOIL Model State Uniform
Friday concluded with a meeting of the NCOIL Budget Committee, chaired by Asw. Hunter, in which the Committee adopted the 2024 NCOIL Budget. The Budget was later adopted by the Executive Committee as a whole on Saturday.
"It is just so gratifying to look back and see how NCOIL has grown from a position of financial instability 7 years ago to one now where we are in a more than sound financial position brought about by more states, more legislators, and strong support from sponsors ranging from insurers & other corporations, to think tanks, to consumer groups and other non-profits," said
Saturday began with a general session titled "Whose Claim is This Anyway? Examining a Legislative Framework for Litigation Funding," moderated by
"It is important that state legislators remain engaged on issues with our Federal counterparts and that we continue to make sure our perspectives are heard. Federal inaction on things such as a long term reauthorization of the NFIP underscores how important it is for the states to continue to advocate for reforms and meetings like these are an important part of that," said
The Annual Meeting concluded Saturday morning with a meeting of the NCOIL Executive Committee during which
"Having been involved with NCOIL for many years now, it has been great to see the organization's continued growth and success. I'm thankful to the work
Committee meeting minutes will be posted soon at www.ncoil.org.
The 2024 NCOIL Spring Meeting is scheduled to take place at the
* * *
NCOIL is a national legislative organization with the nation's 50 states as members, represented principally by legislators serving on their states' insurance and financial institutions committees. NCOIL writes Model Laws in insurance and financial services, works to preserve the State jurisdiction over insurance as established by the McCarran-Ferguson Act over seventy years ago, and to serve as an educational forum for public policymakers and interested parties. Founded in 1969, NCOIL works to assert the prerogative of legislators in making State policy when it comes to insurance and educate State legislators on current and longstanding insurance issues.
* * *
Original text here: https://ncoil.org/wp-content/uploads/2023/11/Columbus-Post-Meeting-PR.pdf
Congressional Research Service Issues In Focus White Paper on Brief Introduction to the National Flood Insurance Program
Litigation: SEC Obtains Judgments Against 3 Defendants for Insider Trading Prior to Pharmaceutical Merger
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News