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Medical loss ratio harms consumers, agents

A new survey by the National Association of Insurance and Financial Advisors shows that the federal health care law’s medical loss ratio provision has had a devastating effect on agents’ ability to maintain a high level of customer service to their clients.



NAIFA: Senate Bill on Insurance Licensing Would Benefit Agents and Consumers

Sens. Jon Tester (D-Mont.) and Mike Johanns (R-Neb.) have introduced the National Association of Registered Agents & Brokers Act (NARAB II), which would establish a federal licensing clearinghouse for insurance agents who operate in multiple states.


SRO Bill Will Provide Appropriate Oversight of IAs

Financial Services Committee Chairman Spencer Bachus and Rep. Carolyn McCarthy, a member of the Committee, introduced bipartisan legislation calling for a self-regulatory organization to fill gaps in Securities and Exchange Commission (SEC) oversight of investment advisers.


Brian Ashe Is Named 2012 John Newton Russell Memorial Award Winner

The life insurance industry’s highest honor will be presented at the NAIFA Career Conference and Annual Meeting in September as a tribute to his more than 40 years of service and contributions to the industry.



Home / About Us / NAIFA-Florida News / Comm. McCarty supports producers in HHS letter

Comm. McCarty supports producers in HHS letter

Florida Insurance Commissioner Kevin McCarty signed a letter addressed to Health & Human Services Secretary Kathleen Sebelius dated October 13, 2010. The letter recommends the secretary establish a clear and timely process for consulting with individual insurance commissioners to adjust the medical MLR ratio requirements scheduled to be implemented for the individual health markets on January 1, 2011.

 

The concern is that these medical loss ratio requirements could destabilize the markets and lead to a potential loss of carriers in some states and effect the vital producer/client relationship.

 

The NAIC letter signed by Commissioner McCarty and the NAIC leadership team can be viewed by clicking here.