Friday, July 29, 2005

NAPSLO Visits Capitol Hill

NAPSLO Executive Director Richard Bouhan and Maria Berthoud, Vice President of B&D Sagamore, NAPSLO's new lobbying representative, were on Capitol Hill in late July to meet with a member of the House Financial Services Committee.

Mr. Bouhan and Ms. Berthoud met with Rep. Dennis Moore (D-KS) to discuss several issues and also interviewed Rep. Moore for a section of a new legislative video to be shown at the Legislative Breakfast at the NAPSLO Annual Convention in September.

The House Financial Services Committee will be reviewing the State Modernization and Regulatory Transparency Act (SMART Act) this year. In discussions with legislators, NAPSLO has outlined its preference for national standards, which would be implemented by the states, as opposed to federal regulation.

The Senate is considering a separate bill and B&D Sagamore provided a background paper on the proposed National Insurance Act (NIA), which contains the framework for an Optional Federal Charter, which would allow an insurer to write insurance in all 50 states without the burden of satisfying each state's licensing requirements, rate and form regulations, and other standards.

Copies of the background paper and a summary of the Act are available for download from the NAPSLO website.

No comments: