Key Points
  • Insurance markets should be regulated by state governments so that the regulatory environment is accountable and meets the needs of the community in ways that federal regulations would be unable to meet.
  • Policymakers and Insurers should prioritize the protection of personal information from identity theft and fraud so consumers’ privacy and identities are properly secure.
  • Onerous regulations add costs for both consumers and providers. State policymakers should create forms and regulations that minimize the compliance costs for both the consumer and insurers.

Mitigating and managing risks for both businesses and families and is critical for maintaining peace of mind that allows both businesses and families to thrive. Insurance policy ranges from vehicle to life insurance and cover everything in between. This diverse portfolio of issues can vary greatly by state, meaning that it is important that states are able to regulate their own insurance markets without onerous federal involvement. Preventing over-regulation in insurance markets helps to ensure that insurance products are able to be competitive and accessible to a wider variety of people.

Preventing federal overreach into state insurance markets is imperative to ensure that insurance meets the needs of very different states adequately. Policymakers should work with insurers to place a premium on not just serving customers well, but also protecting personal information from falling into the wrong hands. State policymakers should encourage increased protection of personal information, establish effective frameworks for market conduct actions and create more competitive and less onerous regulatory environment. By following these guidelines, state policymakers can help make sure that consumers have the peace of mind that should go along with thoughtful insurance regulations that allow for state control, security and flexibility.

Articles

Homeland Security

Return To Flight

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Model Policies

  • Association Health Insurance Standard Model Act Draft

    Section 1. Short Title This Act shall be known and may be cited as the Association Group Health Insurance Act. Section 2. Purpose The purpose of this act is to establish standards for offering group health insurance products through an association. Section 3. Association Groups A. (1) A policy …

  • Safeguard the Right-to-Try Cutting-Edge Medicine Act Draft

    Section 1. (1) As used in this act, and unless the context otherwise requires: (a) “Life-threatening or severely debilitating illness,” as defined in section 312.81 of Title 21, Code of Federal Regulations (or any successor regulation). (b) “Eligible patient” means an individual who meets all of the …

  • Resolution on the Misapplication of Employee Classification Laws

    WHEREAS, franchising contributes $1.6 trillion to the United States economy through 733,000 franchise businesses; and WHEREAS, franchise businesses employ over 13 million workers; and WHEREAS, franchising has been a major source of economic expansion in the United States, particularly in the retail trade and services sectors, providing entrepreneurs with a …

  • The Hurricane Mitigation Promotion Act

    {Title, enacting clause, etc.} Section 1. {Designation.} The period from May 25th to May 31st of each year is “Hurricane Mitigation Week.” Section 2. {Proclamation.}  The Governor is requested to issue each year, a proclamation calling on: (A) Individuals, business owners, and commercial property owners within the state to prepare their homes, properties, and …

  • Mobile Food Vendor Freedom Act Final

    Section 1. Short Title. This Act shall be known as the “Mobile Food Vendor Freedom Act.” Section 2. Purposes. The Act’s purposes are to: legalize mobile food vending across the state;   promote agriculture and expand economic development;   foster opportunities for small businesses and stimulate innovation;   increase consumer …

  • The Hurricane Mitigation Promotion Act Final

    {Title, enacting clause, etc.} Section 1. {Designation.} The period from May 25th to May 31st of each year is “Hurricane Mitigation Week.” Section 2. {Proclamation.}  The Governor is requested to issue each year, a proclamation calling on: (A) Individuals, business owners, and commercial property owners within …

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Task Forces

Commerce, Insurance and Economic Development

Members of the Commerce, Insurance and Economic Development Task Force believe that economic freedom is the cornerstone of prosperity. The …