tailieunhanh - A Consumer’s Guide To Auto Insurance

Rate review efforts stepped up: Preliminary results indicate the new tools offered by the Affordable Care Act appear to be helping to slow down premium growth. In Connecticut, for instance, existing State authority bolstered by Federal resources from the Act led the State Insurance Commissioner to reject a proposed percent premium increase by the State’s largest insurer that would have raised costs for 48,000 consumers. This year, the Connecticut legislature is considering increasing its rate review authority in part because of the law’s new resources and standards. 28 Heightened scrutiny of rate. | Not for reprint or reproduction without the express written permission of the National Association of Insurance For copyright and reprint information please visit . A Consumer s Guide About the NAIC . The National Association of Insurance Commissioners NAIC is the oldest association of state government officials. Its members consist of the chief insurance regulators in all 50 states the District of Columbia and five . territories. The primary responsibility of the state regulators is to protect the interests of insurance consumers and the NAIC helps regulators fulfill that obligation in a number of different ways. This guide is one example of work done by the NAIC to assist states in educating and protecting consumers. Another way the NAIC lends support to state regulators is by providing a forum for the development of uniform public policy when uniformity is appropriate. It does this through a series of model laws regulations and guidelines developed for the states use. States that choose to do so may adopt the models intact or modify them to meet the needs of their marketplace and consumers. The NAIC s mission is to assist state insurance regulators individually and collectively in serving the public interest and achieving the following fundamental insurance regulatory goals in a responsive efficient and cost effective manner consistent with the wishes of its members Protect the public interest Promote competitive markets Facilitate the fair and equitable treatment of insurance consumers Promote the reliability solvency and financial solidity of insurance institutions and Support and improve state regulation of insurance. NAIC Executive Office 444 North Capitol Street NW Suite 701 Washington DC 20001 Phone 202-471-3990 NAIC Central Office 2301 McGee Street Suite 800 Kansas City MO 64108-2604 Phone 816-842-3600 NAIC Capital Markets Investment Analysis Office 48 Wall Street 6th Floor New York NY 10005-2906 Phone 212-398-9000 Not for .