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NAIC backs away from MLR bill

Disheartening some brokers, the National Association of Insurance Commissioners has backed away from supporting a congressional bill that could exclude insurance agent compensation from medical loss ratio calculations.

By Kathryn Mayer | Updated on August 01, 2011

Disheartening some brokers, the National Association of Insurance Commissioners has backed away from supporting a congressional bill that could exclude insurance agent compensation from medical loss ratio calculations. After an assembly of all voting members of the NAIC on July 12, the group decided against endorsing the bill, H.R. 1206.

“The committee considered the realistic probability of H.R. 1206 passing Congress and providing a workable solution to the challenges raised by the NAIC,” says Erin Johnson, an association spokeswoman “Upon further review, the executive committee chose not to take further action on the task force’s recommendation.” The Professional Health Insurance Advisors Task Force had voted to recommend endorsement of the bill June 30, but the task force vote does not represent NAIC policy, the organization responded.

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