Insurance Task Force 2018 December Agenda

Heather Morton 12/7/2018

On this page, you'll find all sessions of the NCSL Executive Committee Task Force on Insurance, which will meet Friday, Dec. 7, and Saturday, Dec. 8, in Washington, D.C., at the American Bankers Association building.

For more information regarding the Task Force on Insurance, visit the task force webpage.

The Task Force meeting is open to legislators and legislative staff. There is a $150 meeting registration fee for non-Task Force sponsors to attend the Task Force sessions. The dinner is open to Task Force members and industry representatives. A registration fee per person will apply for non-Task Force sponsors to attend the dinner. Online registration is available until Dec. 7 (NCSL login and password required).

Attendees are responsible for making his or her own hotel and travel arrangements. A block of rooms is available at the Fairfax at Embassy Row. The hotel reservation deadline will be Nov. 22.

All task force sessions will be held at the American Bankers Association, unless otherwise noted. The American Bankers Association is located at 1120 Connecticut Ave NW, Washington, D.C., 20036. Please contact Heather Morton with any questions regarding the meeting or dinner registration.

 

Friday, Dec. 7
Time Sessions

1-1:15 p.m.

Welcome and introductions

Presiding:

  • Representative Brian Patrick Kennedy, Rhode Island
  • Representative Kevin Petersen, Wisconsin
1:15-2:45 p.m.

Drug Pricing and Insurance Plans

Come discuss the implementation of recent state legislation and hear about information on rebates. What can states glean from the federal blueprint to reduce drug prices and what impact could it have on states?

Speakers:

  • Colleen Becker, NCSL, Colorado
  • Jennifer Chen, Memorial Sloan Kettering Cancer Center, New York
  • Eric Ellsworth, Consumer's Checkbook, Washington, D.C.
  • Claire McAndrew, Families USA, Washington, D.C.
  • Daniel Nam, America’s Health Insurance Plans, Washington, D.C.
  • Saumil Pandya, Pharmaceutical Research & Manufacturers of America, Washington, D.C.
  • Andrew Sperling, National Alliance on Mental Illness, Washington, D.C.
3-4:15 p.m.

Fiduciary Duty and Professional Regulation

The Fifth Circuit’s recent decision vacating the Department of Labor’s fiduciary rule and the release of a proposal from the SEC—as well as some state activity—has brought the role of federal vs. state into question when it comes to regulating the industry. What standard of conduct should financial professionals be required to follow with regard to their clients? And how do the Employee Retirement Income Security Act of 1974 (ERISA) preemption provisions and National Securities Market Improvement Act of 1996 (NSMIA) apply in this regulatory space at the state level and in regard to federal securities laws?

Speakers:

  • Jason Berkowitz, Insured Retirement Institute, Washington, D.C.
  • Kent Mason, Davis Harman, Washington, D.C.
  • Mark Quinn, Cetera Financial Group, California
  • Diane Stuto, Life Insurance Council of New York, New York
  • Stephen Taylor, Commissioner, Department of Insurance, Securities and Banking, Washington, D.C.
4:30-5 p.m.

Interstate Insurance Product Regulation Compact (IIPRC) Update

Since meeting its operational threshold in May 2006, the IIPRC now has 45-member states representing about 75 percent of the premium volume nationwide. Hear an update on how the IIPRC enhances the efficiency and effectiveness of the way insurance products are filed, reviewed and approved—allowing consumers to have faster access to competitive insurance products in an ever-changing global marketplace.

Speaker:

  • Karen Schutter, Interstate Insurance Product Regulation Compact, Washington, D.C.
5-6 p.m.

Insurance Regulator Roundtable

Hear from state insurance commissioners on what the state regulatory agencies see as issues to watch in the states, as well as what is happening in Washington. D.C., that could impact state insurance regulation. The discussion will include an update on the NAIC Data Security Model.

Speakers:

  • Stephen Taylor, Commissioner, Department of Insurance, Securities and Banking, Washington, D.C.

6-9 p.m.

Firefly Restaurant
1310 New Hampshire Ave. NW, Washington, DC 20036

Task Force Dinner

Dinner is open to Task Force members and industry representatives. There will be a $500 per person registration fee for non-Task Force sponsors to attend.

Saturday, Dec. 8
8-9 a.m.

Business Meeting

Come talk about what is going on insurance-wise in the states with legislators and discuss plans for the next Task Force meeting.

9:15-10:30 a.m.

High Water: Re-Authorizing the National Flood Insurance Program (NFIP)

Congress continues to renew the NFIP a few months at a time. On July 31, President Trump signed a four-month re-authorization, with a current expiration date of Nov. 30, 2018. Long-term re-authorization and reform of the program has been debated for years. The question is: When will Congress give mortgage markets certainty?

Speakers:

  • Sarah Ferman, American Bankers Association, Washington, D.C.
  • David Maurstad, Chief Executive of the National Flood Insurance Program, FEMA, Washington, D.C.
  • Thomas Santos, American Insurance Association, Washington, D.C.
  • Brooke Stringer, National Association of Insurance Commissioners, Washington, D.C.
  • Jennifer Webb, Independent Insurance Agents & Brokers of America, Washington, D.C.
10:45 a.m.-Noon

Consumer Roundtable

Hear from representatives from different insurance consumer advocacy groups on what they see as the top issues to watch in the states.

Panelists:

  • Chuck Bell, Consumer Reports, New York
  • Julie Carter, Medicare Rights Center, Washington, D.C.
  • Deborah Darcy, American Kidney Fund, Washington, D.C.
  • Daniel Schwarcz, University of Minnesota, Minnesota
  • Jackson Williams, Dialysis Patient Citizens, Washington, D.C.
 
For those Task Force members who are registered to attend the NCSL Capitol Forum, Dec. 5-7, you may be interested in the following insurance-related sessions conducted by the NCSL standing committees.
THURSDAY, DEC. 6

10:15-11:15 a.m.

Hyatt Regency Capitol Hill

Addressing Rising Health Care Costs

The American health care system continues to outpace the rest of the world in rising costs. Even when patients have comprehensive coverage, they are finding fees and services they are required to pay out of pocket, often with vague explanations as to why. Some states have enacted price transparency laws, pharmaceutical value-based or bulk-purchasing initiatives and balance billing restrictions to address these issues. Additionally, as hospital systems and providers switch to new payment systems, administrative burden and dated payment methods cost time and money—which impacts consumers. This panel’s experts will discuss how health care costs can be reined in from the administrative, consumer protection and provider sides.

1:15-2:30 p.m.

Hyatt Regency Capitol Hill

Cybersecurity and Liability Insurance: Consumers are the Next Security Front

Technology and security are not the only variables in determining the integrity of the financial system. How software is made and employed, the process of testing for vulnerabilities, and the deployment of connected agreements will be the future of the security wars—and the growth of liability insurance will depend upon the success of the new deployment. This session will explore the link between security, process and insurance, as well as the nature of state cyber laws.

2:30-3:45 p.m.

Hyatt Regency Capitol Hill

Changes Affecting the Private Health Insurance Market

Recent headlines proclaim that dramatic changes at the federal level are having a significant effect on the commercial health insurance market. Health exchanges and subsidies, association health plans, changes to state insurance oversight, 1332 or other innovation waivers . . . what does this all mean for states? As states wrap up open enrollment for health coverage, come hear national experts share their views on the roles state legislatures can play in 2019.