US Law - NAIC adopts new market law

The National Association of Insurance Commissioners (NAIC) has adopted the Market Conduct Surveillance Model Law based on a version recently put forth by the National Conference of Insurance Legislators (NCOIL).NAIC said that it has been involved with NCOIL in drafting and reviwing the model law over the last several months, as both organisations work together in an effort to create a more efficient regulatory system."The NCOIL model is consistent with our own reform efforts, and now that st