Public Policy | Working Groups | Market Regulation Working Group
Working Group Purpose – Advise NAMIC membership on market regulation initiatives put forth by the NAIC, state regulators, other bodies, and any regulatory concerns with the exception of financial or prudential issues. Provide expertise and guidance to NAMIC membership in areas including underwriting, claims practices, speed to market, rating and forms issues and filings, regulatory efficiency, distribution channels, market analysis and examinations, consumer affairs, innovation and technology, antifraud, market regulation model laws, and market data calls including NAIC MCAS. Keep NAMIC members with interest apprised of potential or emerging issues as they develop.
General Working Group Value Proposition – Enhance the impact of the association membership in the market regulation environment by developing awareness of membership policy needs and concerns, active promotion of membership interests, assertive presentation of association positions or proposals, and organize membership influence on key decision-makers relevant to market regulatory matters.
General Working Group Responsibilities – The working group will:
Provide as-needed recommendations on positions NAMIC should take at the NAIC, state level, or other relevant body on any given issue in line with policy directives from the NAMIC board on market regulation issues.
Feel free to solicit market regulatory information and policy analysis from any one of NAMIC’s internal teams.
Develop and issue commentary and other related responses on actions of an authoritative entity affecting the property/casualty insurance industry market regulation perspective.
Participate in conference calls that NAMIC leads for potential activity on specified concerns.
Allow for members of the working group with singular policy concerns to participate.
Coordinate with other NAMIC policy committees, councils, working groups, and task forces, as needed, to utilize synergies to achieve maximum advocacy potential for members.
