Public Policy | Working Groups | Underwriting Freedom Working Group
Working Group Purpose – Provide subject matter expertise and guidance to NAMIC membership and staff on current legislative and regulatory policy issues related to underwriting and risk-based pricing. Monitor, research, analyze, and evaluate proposals, studies, reports, and trends to produce messaging, materials, and strategic recommendations to NAMIC policy committees and Board of Directors on underwriting freedom issues.
Working Group Value Proposition – Provide a platform to share information and enable NAMIC members to formulate association policy in response to legislative and regulatory challenges to underwriting freedom and risk-based pricing across property/casualty insurance products. Enhance the impact of the association’s responses to attacks on actuarially supported rating factors that better enable insurers to match rate to risk.
General Working Group Responsibilities – The working group will:
Monitor, research, analyze, evaluate, and discuss proposed restrictions on underwriting and rating of property/casualty insurance products at the state and federal levels.
Identify priority issues for legislative and regulatory engagement to develop recommendations to the NAMIC Board of Directors, State Affairs Committee, Federal Affairs Committee, and staff.
Develop and refine messaging and responses to opposition on all identified key priority issues.
Develop and refine materials needed to engage on all priority issues, including leave-behinds, research, position papers, and data.
Identify public and private speaking and presentation opportunities to educate interested parties and potential allies on developments in insurance underwriting restrictions.
Serve as a coordinating group for the broader industry to ensure continuity of messaging and strategy across the country.
