Guaranty Association Law Summaries Updated
NOLHGA has updated its state guaranty association law summary reports to reflect legislative changes that took effect between July 1, 2005, and the beginning of 2006. Most significantly, Texas and Maine adopted provisions of the current NAIC Model Life and Health Insurance Guaranty Association Act; their new laws became effective on September 1 and September 17, respectively.
The Guaranty Association Law Summaries are available under "Facts & Figures" on the home page of NOLHGA's Web site; they are also accessible under the "Member Resources" section once users have logged in. Users can generate individual state reports by choosing from the "Law Summaries by State" drop-down menu. Alternatively, the summaries can be viewed and printed by selecting a specific report from the "Law Summaries by Provision" drop-down menu, which lists all state laws concerning specific topics. Finally, the Guaranty Association Laws page provides users with state guaranty association contact information as well as links, where applicable, to the state guaranty association's Web site and the corresponding state insurance department's site. Changes or corrections should be submitted to Meg Melusen at [email protected].
Staff Contact -Conflicts Surveys and Antitrust Certifications Due February 17
NOLHGA's Conflicts Policy and annual questionnaire were sent out on February 2, 2006, to all NOLHGA personnel and representatives, including NOLHGA's Board members, committee and task force members, and consultants. The questionnaire must be completed on an annual basis by all persons subject to NOLHGA's Conflicts Policy. This year's questionnaire covers activities occurring from January 1, 2005, through the date of the response.
In addition, NOLHGA's Antitrust Policy, Implementation Guidelines, and annual certification forms were simultaneously sent to all NOLHGA personnel and representatives referenced above and to all guaranty association administrators. As is the case with NOLHGA's Conflicts Policy, the Antitrust Policy requires an acknowledgement of receipt and an annual certification of compliance from all recipients.
Please review these materials and return the completed forms to Aimee Hoffman at NOLHGA no later than February 17. These forms should only take a few minutes to complete, and your timely response is very important. Your assistance in this matter is greatly appreciated.
Staff Contact -