Tuesday, Mar 8, 2016
Sen. Jason Rapert Hosts National Insurance Conference, More Than 200 Attend
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March 8, 2016
For Immediate Release
Contact: Paul Penna
SENATOR RAPERT HOSTS PRODUCTIVE SPRING CONFERENCE IN LITTLE ROCK, AR
Little Rock, AR - The national NCOIL conference in Little Rock concluded a productive meeting. Over 200 attendees and nearly three dozen legislators participated in committees and general sessions covering a wide ranging of insurance issues.
In addition to the policy issues discussed, Senator Jason Rapert, NCOIL Secretary showed off the sites and culture of Little Rock by hosting a Capitol tour for attendees and entertaining guests by playing his fiddle along with his bluegrass band Living Grace at the Welcome Reception.
Governor Asa Hutchinson delivered the luncheon keynote address and discussed the future of the health insurance exchange in Arkansas.
"I advocated for many years to bring the NCOIL conference to Little Rock" said Senator Rapert. "In addition to the battery of issues we discussed, people from around the country got to see the greatness that is Little Rock and Arkansas."
Committees heard from consumer and industry experts about the use of big-data in underwriting and rating, hosted several NAIC commissioners on issues including regulatory efforts regarding cyber-risk and insurance, a special discussion about the impact of Dodd-Frank Act on Insurance, discussed cyber-security, considered model acts in the health committee, discussed proposed "covered agreements" for reinsurance collateral, considered opposing views about alternatives to workers compensation insurance and heard an update on unclaimed life insurance benefits.
Senator Travis Holdman, NCOIL President, led an all-participant discussion at a first of its kind Welcome Breakfast about the strengths and weaknesses of NCOIL and what the organization needs to do to enhance value to the legislators and participating interested parties.
The general sessions heard from experts on two interesting topics. Auto Insurance: What's Happening in the Market? What Does it Mean to be Affordable? and Health Insurance Exchanges at Year Three: Where are we now and What will the Future Hold? This latter session featured Dennis Smith, the Director of CMS in the Bush Administration and Gary Cohen, the Director for CMS' Center for Insurance Oversight in the Obama Administration, as well as Cheryl Smith Gardner, who runs the AR Exchange after having done so previously in UT, and Neil Sullivan, who led NJ's ACA implementation efforts at the NJDOBI.
The Life Insurance & Financial Planning Committee readopted the Beneficiaries' Bill of Rights, Life Insurance Disclosure Model Act and the Long-Term Care Tax Credit Model Act.
"NCOIL is happy to have come to Little Rock" state NCOIL CEO Thomas B. Considine. "Sen. Rapert was the perfect host legislator, and it was exciting time to be here on the eve of Super Tuesday."