NAIC Approaching the Finish Line on Health Insurance Lead Generators
The Antifraud (D) Task Force of the National Association of Insurance Commissioners (“NAIC”) met on October 20, 2023, to discuss comments received on the August 20 draft revisions to the Model Unfair Trade Practices Act (#880) which would expand the regulatory reach of state insurance regulators to health insurance lead generators, which are not registered or licensed by state insurance regulators. The October 20 meeting became a drafting session as member regulators negotiated textual revisions in real time. Draft new language was uploaded to the NAIC website the evening of Thursday, October 26, 2023, for a one-week comment period closing on Friday November 3, 2023. Despite potential procedural hurdles around public comment periods and open-meeting requirements, the expectation remains that final revisions will be adopted at the Fall National Meeting.
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