ActiveOfficial documentationPrimary sourceSource ID naic-model-laws-about

Model Laws - About

Published by National Association of Insurance Commissioners. Jurisdiction US.

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  • The page states that once the NAIC members have adopted a model law, it becomes a priority of the NAIC.

    claim naic-model-laws-about#c1
  • The page states that the goal is to encourage legislatures or regulatory bodies to adopt the model law, with as few changes as possible, in a majority of states within three years after its adoption by the NAIC members.

    claim naic-model-laws-about#c2
  • The page states that the final hurdle in NAIC's own adoption process is a minimum two-thirds majority vote of the NAIC Executive (EX) Committee/Plenary in favor of adoption of the model law.

    claim naic-model-laws-about#c3

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