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Administration Rule on Short-Term Health Plans Released

Statement from NAIC President and Tennessee Insurance Commissioner Julie Mix McPeak:

The NAIC is reviewing the final rule on short-term health plans and the potential impact on our consumers and markets. We are very appreciative that the rule protects state regulatory authority to oversee these plans. As insurance markets vary greatly state-to-state, it is critical we have maximum flexibility to address the needs of our markets while maintaining consumer protections.

About the NAIC

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. For more information, visit www.naic.org.

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