NCOIL adopts two model insurance policies

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“It has been a pleasure to lead the work this team has done over the past year that has led to the adoption of these models, which address two timely and important issues facing the property and casualty market right now,” said Rowland. “It is a great honor to chair this committee, and I look forward to seeing how the organization continues to address these important issues as I leave the Kentucky Legislature, and therefore NCOIL, later this year.”

The NCOIL DNC Insurance Model Act provides a framework for insurance requirements for companies like Grubhub and Drizly, which allow people to use their personal vehicles to deliver food or drinks. Many elements of the model law are based on elements of the NCOIL Transportation Network Company (tNC) Insurance Model Law, which NCOIL said in 2015 prevented companies like Uber and Lyft from entering the market.

The TNC model has been used as the basis for nearly every state’s TNC legislation, NCOIL said. The organization said the TNC model was necessary to communicate the differences in risk between transporting people and transporting goods.

“I am proud to sponsor the TNC Model Act,” said Rowland. “As more and more people are using these services, it is very important to ensure proper coverage. The TNC model serves as a framework in every state in the country, and I am confident that this model will be very useful to legislators in all 50 states.

“It’s been great to see the rapid adoption of this model, which shows the law, and NCOIL, can continue to innovate as the DNC market continues to expand,” said the West Virginia representative. Steve Westfall, who co-sponsored the DNC model. “I think everyone would agree that insurance coverage is essential, but a sandwich doesn’t need the same level of coverage as a family.”

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The NCOIL Dog Breed Insurance Coverage Model Act specifies how dog breeds may factor into underwriting for homeowners and renters insurance policies. NCOIL said the model prohibits insurers from issuing, canceling, renewing or increasing the premium or rate for an insurance policy based solely on the specific breed of dog owned on the applicable property.

“One of the most important characteristics National Insurance Council Legislative Assembly It’s an opportunity to lower the temperature on polarizing issues,” Cahill said. “One such example is the move around adopting a model law that would prevent insurance companies from making arbitrary underwriting decisions based on a dog’s breed. Concerned advocates and skeptical lawmakers will use NCOIL to educate each other and articulate differences to reach a widely accepted decision that will undoubtedly guide state legislatures across the country while raising awareness of important insurance concepts.

“When we first discussed this topic at our annual meeting last year, it was impossible to get a model over the finish line because of how far apart legislators and interested parties are on this issue,” said Connecticut Representative Tommy Nuccio. , who co-sponsored the Model Law. “Fortunately, everyone recognizes how important this issue is, and we were able to reach a compromise that provides a better framework for states to use.”

“Thank you to the team that worked tirelessly this year to bring these two important models to a place where they were ready to vote,” said Tom Considine, CEO of NCOIL. “For a while it seemed unlikely that a vote on the models would be possible in November because Chairman Rowland had set such an ambitious deadline, but everyone rose to the occasion and recognized the importance of producing models at NCOIL for next year’s state laws. As he will be leaving the Kentucky Legislature at the end of the year, Representative Rowland will continue to chair this committee, I would also like to thank him in particular for his extensive service to NCOIL, for which we all owe him a debt of gratitude.

Full copies The Model Act can be viewed on NCOIL’s website.

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