2023 Commissioner DC Fly-In
April 25-27, 2023
2023 NAIC LEGISLATIVE PRIORITIES
Additional Document Details
Detailed Breakdown on Priorities and Letters to Congress
Briefings for Congress
Oppose Risk Retention Group Expansion
The NAIC opposes legislation that would expand the scope of the Liability Risk Retention Act of 1986 (LRRA) to allow Risk Retention Groups (RRGs) to write commercial property insurance for non-profits.
Long-term reauthorization of the National Flood Insurance Program (NFIP) is critical to ensure program stability and to provide policyholders with uninterrupted flood insurance coverage.
FSOC Vote for Insurance Regulators
State insurance regulators are the only primary financial regulators without a vote on FSOC and are the only regulators that can address insurance sector risks identified by the Council. Oversight Council (FSOC).
Pandemic Business Interruption Insurance
The COVID-19 pandemic demonstrated that current business interruption coverage for businesses is not designed to cover a global health pandemic. The NAIC supports a forward-looking federal program in partnership with insurers to protect businesses from future pandemics.
Protecting Insurance Consumer Privacy and Security
Any federal data privacy and security legislation should not undermine or preempt state insurance laws and regulations so that insurance regulators can continue to work in the best interests of insurance consumers.
State Insurance Receivership Priority Act
The federal government should have a deadline to file claims against insolvent insurers in receivership to expedite consumer recovery.