Author : Orice M. Williams
Release : 2009-11
Genre : Business & Economics
Kind : eBook
Book Rating : 682/5 ( reviews)
Book Synopsis Insurance Reciprocity and Uniformity by : Orice M. Williams
Download or read book Insurance Reciprocity and Uniformity written by Orice M. Williams. This book was released on 2009-11. Available in PDF, EPUB and Kindle. Book excerpt: Because the insurance market is a vital part of the U.S. economy, Congress and others are concerned about limitations to reciprocity and uniformity, regulatory inefficiency, higher insurance costs, and uneven consumer protection. This report reviews the areas of: (1) producer licensing; (2) product approval; and (3) market conduct regulation in terms of progress by NAIC and state regulators to increase reciprocity and uniformity, the factors affecting this progress, and the potential impacts if greater progress is not made. The author analyzed federal laws and regulatory documents, assessed NAIC efforts, and interviewed industry officials. Includes recommendations. Charts and tables.
