Houston, Texas, December 2, 2007 — National Conference of Insurance Legislators (NCOIL) President Rep. Brian Kennedy (RI) at a meeting here today told members of the National Association of Insurance Commissioners (NAIC) that state legislators—because they have delegated authority by statute to insurance regulators and the NAIC—are compelled to actively oversee such entities.  Rep. Kennedy informed state insurance commissioners at an NAIC Legislative Liaison Committee meeting that NCOIL has formed a select subcommittee to implement appropriate strategy recommended by A Study on State Authority: Making a Case for Proper Insurance Oversight.  The  Insurance Legislators Foundation (ILF)—the research and educational arm of NCOIL—commissioned the study to take an in-depth objective look at insurance regulation in the states in order to make necessary improvements.

Study on State Authority