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button.gif (899 bytes) CEJ's Mission
button.gif (899 bytes) Who We Are
button.gif (899 bytes) Accomplishments
button.gif (899 bytes) Publications
button.gif (899 bytes) How You Can Help
button.gif (899 bytes) Press Resources
button.gif (899 bytes) Tort Reform
button.gif (899 bytes) Insurance Regulation
button.gif (899 bytes) Credit Insurance
button.gif (899 bytes) Insurance Credit Scoring
button.gif (899 bytes) Redlining
button.gif (899 bytes) Health Insurance
button.gif (899 bytes) Telephone Availability
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1701A S. 2nd Street
Austin TX 78704
(512) 912 1327
(Fax) 912 1375

Insurance Regulation

CEJ is an active participant in national policy debates on the future of state insurance regulation. After Congress passed the Gramm Leach Bliley Act (GLB) in 1999, state insurance regulators, through the National Association of Insurance Commissioners (NAIC) embarked on a program to “modernize” state insurance regulation. In part, the insurance regulators were reacting to the passage of GLB and fears that a federal insurance regulator would be created by Congress. The insurance industry siezed upon these events to press the state regulators for a radical program of insurance deregulation.

In addition to testimony before the NAIC on various issues, CEJ has testified before the National Conference of Insurance Legislators (NCOIL) and the National Conference of State Legislatures (NCSL). CEJ Executive Director Birny Birnbaum has testified before the Streamlining Insurance Regulation Task Force of NCSL in 2002 and 2003.

Birnbaum serves on the NAIC Consumer Board of Trustees and testifies on a variety of issues before the NAIC, including:

  • a statement on life insurance settlements and strange-owned or stranger-originated life insurance,
  • a proposed interstate compact for review and approval of life, health and annuity products,
  • abuses in the small face life insurance market,
  • the relationship between class action lawsuits and insurance regulation,
  • proposals to allow insurers to self-certify compliance with state law in lieu of review by the insurance regulator, and
  • recommendations for creating a meaningful market analysis and market regulation capability within state insurance departments. CEJ has prepared several comments in 2011 on data collection for market surveillance here , here , here and here.

    CEJ has also testified on credit insurance and credit scoring at the NAIC, NCOIL and NCSL. Please refer to those pages for links to that testimony.