Video & Transcript Research : 'NAIC'

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MN

Minnesota 2025-2026 Regular Session

Commerce Committee Meeting - 2025-03-27

Commerce Finance and Policy

Transcript Highlights:
  • The third provision is NAIC...
  • As a reminder, the NAIC, or the National Association of Insurance Commissioners, is an organization made
  • The changes must be adopted by January 1st, 2026, for Minnesota to meet NAIC accreditation standards.
  • And so the NAIC has thoroughly vetted the changes anticipated here, and we want to make sure that every
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/27/25

Commerce Finance and Policy

Transcript Highlights:
  • The third provision is NAIC model law.
  • The changes must be adopted by January 1, 2026, for Minnesota to meet NAIC accreditation standards.
  • model law this was is being amended NAIC model law this was is being amended under<00:04:12.200>
  • <00:05:05.720> accreditation Minnesota to meet NAIC accreditation Minnesota to meet NAIC accreditation
  • There is some boilerplate language in the NAIC model law around confidential data.
WY

Wyoming 2026 Regular Session

Joint Revenue Committee, June 9, 2026 - AM

Revenue

Transcript Highlights:
  • NAICS code report, we separate our industries based on NAICS code.
  • NAICS code report, we separate our industries based on NAICS code.
  • NAICS code report, we separate our industries based on NAICS code.
  • NAICS code report, we separate our industries based on NAICS code.
  • NAICS code report, we separate our industries based on NAICS code.
Keywords: 916, all
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Nov 20th, 2025

Transcript Highlights:
  • We have also met NAIC... financial accreditation standards.
  • And all these actions were critical for OSI maintaining its NAIC accreditation.
  • We've been working with the NAIC and MNERD to focus on the homes and do the mapping.
  • IBHS and the NAIC and MNERD and Forestry have all been working together.
  • That really saved us is that a lot of our data was at the NAIC.
TX
Transcript Highlights:
  • And there are certain standards and ways of doing things that are discussed as an organization at NAIC
  • rule that requires compliance with the Accounting Practices and Procedures Manual as adopted by the NAIC
  • I would do all 50 states and all territories participate in NAIC?
  • Insurance subletting their rules and oversight to the NAIC? No. No, no.
  • NAIC and the information you presented basically says that it does not anticipate developing regulatory
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Banking and Insurance. (3-17-26)

Banking & Insurance

Transcript Highlights:
  • It adopts the NAIC definition of the inland marine insurance, and it cleans up licensing and addresses
  • It adopts the NAIC<00:01:47.040> definition<00:01:47.720> of<00:01:47.840> the<00
  • :01:48.000> inland<00:01:48.320> marine NAIC definition of the inland marine NAIC definition
LA

Louisiana 2026 Regular Session

Insurance Apr 23rd, 2026

Insurance

Transcript Highlights:
  • That NAIC model is still contained in the Louisiana Administrative Code.
  • NAIC, both developed model regulations, which have since been adopted in all states.
  • can tell, most of the states adopted a regulation in Louisiana was among them, and we adopted the NAIC
  • That NAIC model is still contained in Louisiana.
  • That NAIC model is still contained in Louisiana Administrative Code.
Keywords: 965, house, all
Summary: The House Insurance Committee met on April 23 with a quorum present and began by announcing that HB 1142 was deferred. The committee then took up HB 1187, which would direct any excess Louisiana Citizens emergency assessment funds, after related debt is satisfied, toward the Louisiana Fortified Homes Program or future Citizens obligations. Commissioner Tim Temple and Rep. Sawyer said the bill would likely redirect about $50 million to the popular fortified roof grant program, which has already awarded thousands of roofs and is oversubscribed. With support from Citizens and others, the committee adopted technical amendments and reported HB 1187 favorably. The committee next considered HB 1210, a proposal by Rep. Dana Henry to create a pre-suit claim review process for Louisiana Citizens disputes modeled on Florida’s system. After explaining that the bill was prompted by constituent concerns about rising homeowners insurance costs, Henry voluntarily deferred the bill and instead moved toward a study resolution. The substitute version, which would have allowed Citizens disputes to be resolved through the Division of Administrative Law, was adopted for discussion, but the bill was ultimately voluntarily deferred after testimony from Citizens and the department supporting further study. HB 1199, by Rep. Jordan, would require coverage for genetic testing and medically necessary treatment for SCN2A-associated disorders. After adopting an amendment clarifying that coverage depends on provider order and medical necessity, the committee heard emotional testimony from a parent describing her daughter’s severe SCN2A condition and the difficulty obtaining genetic testing. The bill was reported favorably. The committee then took up HB 880, the Louisiana Artificial Intelligence Insurance Fairness Act, which would regulate AI use in underwriting, rating, and claims. Jordan said the bill raised state-federal insurance regulatory issues and could jeopardize federal broadband funding, so he voluntarily deferred it; HB 920 was also voluntarily deferred. Finally, the committee considered HB 1221, by Rep. Amadee, which would narrow data collection under the surplus lines premium tax system to protect policyholder privacy. Former Rep. Bowler argued the department should not collect names, addresses, or coverage limits and that the bill would preserve privacy without affecting tax collection. The Department of Insurance said the broader data is needed for premium tax reconciliation, fraud detection, and post-disaster assistance. After debate, a motion to report HB 1221 favorably failed on a 6-6 roll call. The committee then moved on to HB 869 by Rep. Lyons, a health insurance bill covering injectable drugs for glucose or weight-loss treatment, but the transcript ends before further action on that measure.
MN

Minnesota 2025-2026 Regular Session

Committee on Commerce and Consumer Protection - 03/25/25

Commerce and Consumer Protection

Transcript Highlights:
  • This is model language coming from the National Association of Insurance Commissioners, or NAIC, with
  • These changes must be adopted by January 1, 2026, for Minnesota to meet NAIC accreditation standards.
  • <00:49:25.079> with insurance Commissioners or NAIC with insurance Commissioners or NAIC with
  • <00:50:01.440> accreditation Minnesota to meet NAIC accreditation Minnesota to meet NAIC accreditation
  • The legislation also contains NAIC model law regarding long-term care.
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

Commerce Committee Meeting - 2025-04-02

Commerce Finance and Policy

Transcript Highlights:
  • This is another NAIC Model Act. This makes modifications to Chapter 60D.
  • NAIC model law for limited long-term care.
  • This is an NAIC model law that would allow companies to sell long-term care policies that provide coverage
  • Group capital and liquidity, these are must-pass NAIC model laws that create additional metrics and transparency
  • These changes must be adopted by January 1, 2026, for Minnesota to meet NAIC accreditation standards.
WY

Wyoming 2026 Regular Session

Joint Transportation, Highways & Military Affairs Committee, May 4, 2026 - PM

Transportation, Highways & Military Affairs

Transcript Highlights:
  • <02:23:36.840> um from their NAICS code um from their NAICS code um if<02:23:38.120> that
  • And so, that's where we get the NAICS codes.
  • And so, that's where we get the NAICS codes.
  • their type of business, so their NAICS their type of business, so their NAICS classification<02:
  • The NAICS codes are kind of far and wide, but when you look at the 1,500, generally those are NAICS codes
Keywords: 916, all
KY
Transcript Highlights:
  • It is the NAIC model that we're dealing with, so there's no switches, changes, or anything else.
  • that we had this language vetted it is that we had this language vetted it is the<00:05:07.560> NAIC
  • that<00:05:09.280> we're<00:05:09.440> dealing<00:05:09.840> with the NAIC
  • model that we're dealing with the NAIC model that we're dealing with so<00:05:10.320> there<00
Summary: The committee met with a quorum and moved quickly through several House bills related to health insurance, insurance regulation, dental benefits, and digital assets. Members repeatedly noted the need to keep testimony brief because of overlapping committee schedules and the late-session pace. The chair also reminded House members to coordinate floor sponsors since consent calendars were not being used this year. House Bill 421, presented by Rep. Amy Neighbors with support from Dr. Russell Williams, would require full coverage of FDA-approved bowel preps with no out-of-pocket cost and no prior authorization barriers. House Bill 814, presented by Rep. Mike Klein and explained by Sen. Girdler, would extend the insurance regulatory sandbox through December 2030; supporters said the committee substitute was a vetted NAIC model already adopted in 28 states. House Bill 210, presented by Rep. Pollock with Dr. Steve Robertson of the Kentucky Dental Association, would clarify assignment-of-benefit provisions so dentists are paid directly and with more transparency. House Bill 415, also by Rep. Pollock, would clarify that health insurance coverage mandates apply only to primary major medical policies. House Bill 701, presented by Rep. Adam Bowling with Ash Gun of Coinbase, would establish clearer rules for blockchain and digital assets, affirm Kentuckians’ right to hold and transact digital assets, align money transmission licensing with digital assets, and specify that certain crypto activities are not securities. Members discussed the bill in general terms, including a light exchange about crypto market volatility, but no substantive opposition was raised. Each bill received a favorable expression by roll call, and the committee adopted the committee substitute and title amendment on HB 814. The meeting ended with a motion to adjourn, and the chair said another meeting later in the week was possible.
DE
Transcript Highlights:
  • So what this bill does is it says that large energy use facilities under this particular NAICS code,
  • businesses that are described under the North American Industry Classification System, called the NAICS
  • Yes, they would fall under that NAICS code.
  • Even with the defined NAICS code indicated in the bill, the legislation sends a message that as a matter
  • And finally, I just want to reiterate that Delaware has already adopted the NAIC AI model bulletin, affirming
Summary: The committee heard several bills, but much of the meeting focused on House Bill 306, which would require disclosure when a consumer is interacting with a chatbot rather than a human. Sponsor Senator Townsend described it as a consumer protection measure and said the bill is meant to keep pace with rapidly changing AI technology. Committee members and witnesses raised concerns about the bill’s enforcement structure, especially private rights of action and penalties that could apply even without actual consumer harm. The Department of Justice said the bill would apply where the conduct has a Delaware nexus, and that the disclosure requirement is the key consumer protection. Industry witnesses and chambers of commerce opposed the bill as drafted, arguing it would create broad compliance burdens and expose businesses to excessive litigation risk without a harm requirement or clearer safe harbor language. Earlier in the meeting, the committee discussed House Bill 429, which would update Delaware’s step therapy exception process to include biosimilars and interchangeable biologics. Senator Poore and supporters from Highmark and the Department of Insurance said the bill would modernize insurance law, improve access to effective treatments, and reduce costs; they cited national savings from biosimilars and said the bill has agency support. Members asked about Delaware-specific savings, patient switching, and how the process would work, but no vote was taken during the discussion. The committee also heard House Bill 310, which would exclude large data centers from Blue Collar Jobs Act tax credits; the sponsor said the bill is intended to ensure large energy users contribute more to state and local revenues, while supporters and opponents debated competitiveness and community impacts. House Bill 406, on allowing insureds to choose their auto repair shop, and Senate Bill 347, a cleanup bill related to medical debt collection and personal property levies, were also presented without opposition in the hearing. House Bill 253, concerning who may receive letters testamentary or of administration, was described as a cleanup to align statute with existing practice. The committee approved the meeting minutes, but the transcript does not show final votes on the bills discussed.
AL

Alabama 2026 1st Special Session

Alabama House Economic Development and Tourism Committee Feb 11th, 2026

Economic Development and Tourism

Transcript Highlights:
  • current law, in order to be eligible for economic development incentives, they are tied to companies' NAICS
  • Companies' NAICS codes. What this bill will do is kind of update those codes.
Bills: HB393, HB61
NM

New Mexico 2025 Regular Session

House - Taxation and Revenue Mar 5th, 2025

House Taxation & Revenue

Transcript Highlights:
  • NAICS codes. So it goes down pretty specific.
  • Within the health care industry, there's probably two to three dozen NAICS codes just within health care
  • A lot of times, people paying the GRT might roll up to three or two-digit NAICS codes if all of their
  • We looked at and identified the NAICS codes that would be impacted by these new deductions and then tried
LA

Louisiana 2026 Regular Session

Insurance Apr 23rd, 2026

Insurance

Transcript Highlights:
  • Gramm-Leach-Bliley defined it as such, and what happened after that is the NAIC and the NCOIL both developed
  • NAIC, both developed model regulations, which have since been adopted in all states.
  • can tell, most of the states adopted a regulation, and Louisiana was among them, and we adopted the NAIC
  • That NAIC model is still contained in the Louisiana Administrative Code.
  • That NAIC model is still contained in Louisiana Administrative Code.
Summary: The House Insurance Committee met on April 23 with a quorum present and first deferred HB 1142. The committee then heard HB 1187, which would direct any excess Louisiana Citizens emergency assessment funds, after related debt is paid, toward the Louisiana Fortified Homes Program or future Citizens debt. Representative Sawyer and Commissioner Tim Temple said the bill would likely redirect about $50 million in one-time surplus funds and would help expand a popular roof-mitigation program that has already awarded more than 4,600 fortified roofs. The bill drew support from several witnesses and was reported as amended without objection. Next, HB 1210, dealing with insurance claim disputes and a pre-suit review process for Louisiana Citizens claims, was discussed. Representative Dana Henry said he was voluntarily deferring the bill and instead pursuing a study resolution after hearing concerns from members and stakeholders. Department and Citizens officials said the proposal was modeled on Florida’s process and could help resolve disputes faster and cheaper, but the bill was ultimately voluntarily deferred after testimony and some opposition cards were noted. The committee then took up HB 1199, which requires coverage for genetic testing and treatment related to SCN2A-associated disorders. Representative Jordan and the Diedon family gave emotional testimony about their daughter Emily’s diagnosis and the importance of timely genetic testing. The bill was amended to require that testing be ordered by a provider and deemed medically necessary by the health plan, with discussion about whether a neurologist should be involved; members said that issue could be refined later. HB 1199 was reported as amended. Finally, the committee considered HB 880, the Louisiana Artificial Intelligence Insurance Fairness Act, which would regulate AI use in underwriting, rating, and claims. After a lengthy discussion about state insurance regulation, McCarran-Ferguson, and concerns that the bill could jeopardize federal broadband funding, Representative Jordan voluntarily deferred HB 880, and HB 920 was also deferred. The committee then heard HB 1221, which would limit the policy data collected for the Louisiana Fortified Program Fund. Former Representative Bowler argued the bill was needed to protect policyholder privacy, while the Department of Insurance and Commissioner Temple said the data is needed for surplus-lines premium tax audits, fraud detection, and consumer assistance after disasters. The discussion continued with questions about what data would be visible and how it would be used, but the transcript ends before a final action on HB 1221 is shown.
WA
Transcript Highlights:
  • they classified 11 types of industrial activities as emissions-intensive and trade-exposed based on NAICS
  • And then it has to fall under one of the NAICS codes specified in the CCA.
  • Quick follow-up: so the NAICS codes that are the most prominent will be listed, I assume, correct?
  • And if you'd like the NAICS code list, we'd be happy to follow up with that. Yep, of course.
Summary: The committee held a work session covering PFAS regulation and impacts, no-cost allowance allocation for emissions-intensive trade-exposed industries (EITEs), and regional resource adequacy and data center load growth. Senator Victoria Hunt was welcomed as a new member. The Department of Ecology reviewed Washington’s Safer Products for Washington PFAS work, including completed restrictions on PFAS in outdoor furniture, carpets, rugs, stain/water-resistant treatments, and newer rules adopted in November restricting PFAS in most apparel, cleaning products, and automotive washes, with reporting requirements for some other products such as cookware and firefighting gear. Ecology also described Cycle 2 PFAS reviews now underway, including artificial turf and paints, and answered questions about compliance, online sales, sell-through periods, and how Washington’s approach differs from broader bans in states like Maine and Minnesota. The Department of Ecology also presented on PFAS in biosolids, describing a 2024 sampling study, limitations in testing methods, and a 2025 statutory amendment requiring additional sampling between 2027 and 2028 and a report to the legislature in 2029. The Department of Health then updated the committee on PFAS in drinking water, reporting that most Group A public water systems have completed sampling, that 317 sources and 188 systems are expected to exceed new contaminant levels, and that treatment costs for public systems are estimated at about $970 million, leaving a large funding gap; members also asked about private wells, health effects, bathing exposure, and home filters. The Board of Health’s new state action levels are being aligned with federal MCLs, and the department said it expects to continue monitoring and notification under state rules. Ecology also briefed the committee on no-cost allowance allocations to EITEs under the Climate Commitment Act, explaining the leakage-mitigation rationale, the current allocation schedule through 2034, and a forthcoming report on policy options for 2035-2050; members asked about industry barriers, competitiveness, and whether facilities might leave the state. Finally, E3 presented a regional resource adequacy study showing rising load, retirements outpacing additions, limited winter reliability value from wind, solar, and batteries, and a projected shortfall beginning in 2026 that could grow to about 9,000 MW by 2030 if planned projects are not built. The presentation emphasized winter cold-weather events, hydro variability, the importance of permitting and transmission, and longer-term options including nuclear, geothermal, hydrogen, carbon capture, and long-duration storage. EPRI then introduced its DC Flex initiative, which is studying how data centers can provide flexible load through workload shifting, cooling optimization, and on-site backup or bridging resources to reduce grid stress and protect ratepayers.
MN

Minnesota 2025 1st Special Session

Task Force on Homeowners and Commercial Property Insurance 12/3/25

Minnesota House Floor Meeting

Transcript Highlights:
  • So the NAIC is basically that domiciled body.
  • But they are regulated by a domestic NAIC carrier in that state. doiciled body.
  • Brickwoody wants to help us define what we mean when we're talking about NAIC. >> Yeah, Mr.
  • It's not that the NAIC is doing it.
  • But are the states where they're domiciled, are their NAIC-based laws comparable to Minnesota's?
Keywords: 1183, house
OK
Transcript Highlights:
  • But again, the amendment clarifies some NAICS codes that were requested by the state tax commission,
  • The 2211119 is not a valid NAICS code. So it made sense to get rid of it.
  • But there is a valid NAICS code for solar power generation and there's also one for other electrical
OK
Transcript Highlights:
  • But again, the amendment clarifies some NAICS codes that were requested by the State Tax Commission,
  • It is, when I looked at this initially, the 221119 is not a valid NAICS code, so it made sense to get
  • rid of it, but there is a valid NAICS code for solar power generation, and there's also one for other
Summary: The House convened with prayer, the Pledge of Allegiance, and several recognitions, including Veteran of the Week Colonel Stanley L. Evans, Oklahoma City Young Professionals, state contest winners for America’s 250th anniversary, and a long series of page introductions. The chamber then moved into floor action on a large number of measures, many of them Senate bills and House joint resolutions dealing with administrative rules and agency oversight, public safety, education, health, agriculture, business, and tax policy. Among the major bills discussed were SB 1543 on aggregating multiple DUI charges within one year into a single felony case, HB 1933 on nitrous oxide violations, SB 1859 creating an OSBI Cybercrimes and Fraud Unit, SB 237 on ad valorem tax NAICS code changes, SB 2065 designating pollinator-related state symbols, SB 44 extending nonprofit sales tax exemptions to contractors, SB 2030 updating automated expungement procedures, SB 2045 expanding the Grow Your Own education program, and several water and agriculture measures including SB 1509, SB 1314, and SB 2071. Members also considered multiple joint resolutions approving permanent administrative rules for education, energy and agriculture, business and commerce, health agencies, and building code rules, with Kendricks explaining that some major rules were separated out for transparency and, in one case, a cost mitigation agreement had been reached. Testimony and debate were generally brief and focused on clarifying amendments. Several authors explained that amendments were added to address constitutionality, remove outdated or incorrect language, or reflect negotiated changes with agencies and stakeholders. Notable discussion included concerns about forum shopping in SB 1543, questions about the scope of the Grow Your Own program in SB 2045, and clarification that SB 1618’s pretrial report language had been changed to a public safety report agreed to by sheriffs and district attorneys. The House adopted numerous amendments without objection and passed the bills by wide margins, including some unanimous or near-unanimous votes, while a few measures drew more opposition, such as SB 1403, SB 1509, SB 2071, and SB 1618. The House also adopted HCR 1027 setting sine die adjournment for Thursday, May 14, and adjourned until the next day, May 5, 2026, at 9:30 a.m.
FL

Florida 2025 Regular Session

March 19, 2025 - 01:00 PM

Transcript Highlights:
  • statutory accounting financial statements from all of our Medicaid managed care plans, as well as the NAIC
  • statutory accounting financial statements from all of our Medicaid-managed care plans, as well as the NAIC
  • We also get the National Association of Insurance Commissioners, the NAIC health statements from the
Summary: The Health Care Budget Subcommittee took up two bills and then continued oversight discussions with APD and AHCA. CS/HB 27, the Social Work Licensure Interstate Compact, was presented as a way to let Florida social workers practice in other compact states and vice versa; AARP, the Florida Chamber, and NASW Florida supported it, and the bill passed favorably. HB 1127, a child welfare bill, would create a treatment foster care pilot for children with high behavioral needs, improve DCF data collection on commercially sexually exploited children, and expand recruitment for protective investigators and case managers; the bill also passed favorably after brief supportive testimony. The committee then questioned APD at length about the iBudget waiver waitlist, enrollment pace, spending projections, and provider capacity. APD said it had sent more than 1,100 interest letters in categories 3, 4, and 5, enrolled 1,124 people so far this year, and expects to spend about 96.4% of its waiver appropriation, leaving roughly $82 million unspent. Members pressed APD on why prior discussions suggested more reserve was needed, how long the SANS process takes, whether category 6 could be expanded, and whether the agency has enough waiver support coordinators and direct support providers. APD said it has about 1,061 waiver support coordinators statewide, adequate capacity for current enrollees, but would need further analysis if the legislature directed a much larger enrollment increase. Members also asked about outreach, annual maintenance of the waitlist, portability for military families, and whether communication efforts should be privatized. Finally, AHCA walked the committee through the 2023 Achieved Savings Rebate (ASR) report for Aetna and explained how the report is used for financial monitoring, rebate calculations, and transparency. AHCA said the ASR is separate from the medical loss ratio (MLR) calculation, though both are reviewed, and that Florida uses the ASR mechanism rather than an MLR remittance requirement to recover funds from plans. Members asked about related-party disclosures, CVS/Caremark relationships, expanded benefits, encounter data, network adequacy penalties, denials and appeals reporting, interest earned on capitation payments, and whether rate increases were reaching providers. AHCA and the outside auditors said they review the plans’ reported data, reconcile it to underlying records, and can assess liquidated damages for network adequacy violations; several members requested follow-up data on rebates, interest, provider capacity, and related-party reporting.