Senator Rapert has had a successful career in the financial services and insurance industry, has been a member of NCOIL
is a Manasquan, New Jersey-based group for state legislators with an interest in insurance-related issues.
At the time, PCI testified before the NCOIL
P&C Committee that a model law on binders was superfluous as the states have well-established laws on binders that function well.
During testimony at NCOILs
annual meeting to consider passing the Model Law, Life Care Funding Group offered the following example:
One of the options included in the NCOIL
model act is for a policy owner to "convert a policy into a long-term care benefit plan.
In testimony before the NCOIL
committee with jurisdiction for automotive parts, Pennsylvania collision repair shop owner Harry Moppert stated, "Repairers want to use original equipment manufacturer (OEM) airbags where reliability and performance are tested, warranted, and proven.
and NAIC are working to create a more modern state system, including "speed-to-market for life products, rate and form filing, market conduct examinations, and agent and company licensing, among other initiatives," according to an NCOIL
letter dated October 20, 2008 to U.
The Council of Insurance Agents & Brokers, while expressing admiration for the NAIC's attempts to modernize and castigating NCOIL
for standing in the way, nonetheless favors the federal option.
Breslin, who spoke on behalf of NCOIL
, said "the states have taken on the issues and done so aggressively.
is a group for state legislators who have an interest in insurance.
The chief executive officer of NCOIL
is Thomas Considine, a former New Jersey insurance commissioner.
Senate's inability to reauthorize the Terrorism Risk Insurance Act (TRIA) before adjourning last night, NCOIL