Model Descriptions
MODEL INDEX  |  NAIC STORE  | EDUCATION & TRAINING 

Abuse: Unfair Discrimination

TITLE OF MODEL
DESCRIPTION
VOLUME MODEL
Unfair Discrimination Against Subjects of Abuse in Disability Income Insurance Model Act (MDL-897) This model prohibits unfair discrimination by disability income insurers and insurance professionals on the basis of abuse status.
VI-897-1
Unfair Discrimination Against Subjects of Abuse in Health Benefit Plans Model Act (MDL-895) This model prohibits unfair discrimination by health carriers and insurance professionals on the basis of abuse status.
VI-895-1
Unfair Discrimination Against Subjects of Abuse in Life Insurance Model Ac (MDL-896) This model prohibits unfair discrimination by life insurers and insurance professionals on the basis of abuse status.
VI-896-1
Unfair Discrimination against Subjects of Abuse in Property and Casualty Insurance (MDL-898) This model prohibits unfair discrimination by property and casualty insurers and insurance professionals on the basis of abuse status.
VI-898-1

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Accelerated Benefits Model Regulation

TITLE OF MODEL
DESCRIPTION
VOLUME MODEL
Accelerated Benefits Model Regulation (MDL-620) This model regulates accelerated benefit provisions of individual and group life insurance policies and provides required standards of disclosure. It applies to all accelerated benefits provisions not subject to the Long-Term Care Insurance Model Act (MDL-640).
IV-620-1

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Accident and Health Insurance

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Administrators, Third Party (MDL-90) This model establishes the status of a third-party administrator, providing definitions and guidance as to the authority and obligations of a third-party administrator.
I-90-1
Advertisements of Accident and Sickness Insurance Model Regulation (MDL-40) This model establishes minimum criteria to ensure proper and accurate  and to protect prospective purchasers with respect to the advertisement of health insurance. This regulation applies to group and blanket, as well as individual accident and sickness insurance.
I-40-1
Advertising of Medicare Supplement Insurance (MDL-660) This model helps provide prospective purchasers with clear and unambiguous statements in the advertisement of Medicare supplement insurance; and ensures the clear and truthful disclosure of the benefits, limitations and exclusions of policies sold as Medicare supplement insurance.
IV-660-1
Alliances for Purchasing Health Insurance
  • Private Health Care Voluntary Purchasing Alliance Model Act
 (MDL-82) This model helps improve fairness, efficiency and competition in the pricing and delivering of health care coverage for employers with no more than a specified number of employees. It also provides a mechanism for small employers to join together solely for the purpose of procuring health insurance and operates as an exception to existing false group or fictitious group laws.
I-82-1
Alliances for Purchasing Health Insurance (cont.)
  • Regional Health Care Voluntary Purchasing Alliance Model Act
 (MDL-80) This model helps improve fairness, efficiency and competition in the pricing and delivering of health care coverage for employers with no more than a specified number of employees. It also provides a mechanism for small employers to join together solely for the purpose of procuring health insurance and operates as an exception to existing false group or fictitious group laws.
I-80-1
  • Single Health Care Voluntary Purchasing Alliance Model Act
 (MDL-78) This model helps improve fairness, efficiency and competition in the pricing and delivering of health care coverage for employers with no more than a specified number of employees. This model also provides a mechanism for small employers to join together solely for the purpose of procuring health insurance and operates as an exception to existing false group or fictitious group laws.
I-78-1
Birthday Rule in Coordination of Benefits Provisions (MDL-120) This model establishes a uniform order of benefit determination under which plans pay claims; reduces duplication of benefits; and provides greater efficiency in the processing of claims when a person is covered under more than one plan.
II-120-1
Non-cancellable and Renewable Terminology, Definitions (MDL-139) This model defines the terms "non-cancellable" or "non-cancellable and guaranteed renewable," establishing recommended limiting ages in an effort to make the language conform as closely as possible with existing language.
II-139-1
Claim Audit Guidelines (MDL-32) This model provides for the reasonable standardization of claim audit guidelines of health care bills to determine whether data in a health care record is supported by services listed on the claim for payment of an insured or an institutional provider.
I-32-1
Claims Form Standards (MDL-30) This model standardizes the forms used in the billing and reimbursement of health care, reduces the number of forms utilized, increases efficiency in the reimbursement of health care and encourages the use of and prescribes a timetable for the implementation of electronic data interchange of health care expenses and reimbursement.
I-30-1
COB
II-120-1
Conversion Privilege:  in Group Health Insurance (MDL-105) This model specifies when an employee or member of a group health plan is entitled to have a converted policy issued to him/her, without evidence of insurability, subject to the provisions of this model.
II-105-1
Coordination of Benefits Model Regulation
II-120-1
Credentialing Verification of Health Care Professionals Model Act (MDL-70) This model requires a health carrier to establish a comprehensive health care professional credentialing verification program to ensure that its participating health care professionals meet specific minimum standards of professional qualification.
I-70-1
Credit A & H:  see “Credit Insurance” Heading
Discontinuance and Replacement Model Regulation (MDL-110) This regulation is applicable to all insurance policies and subscriber contracts issued or provided by a carrier on a group or group-type basis covering persons as employees of employers or as members of unions or associations.
I-110-1
Discount Medical Plan Organization Model Act (MDL-98) This Act helps promote the public interest by establishing standards for discount medical plan organizations to protect consumers from unfair or deceptive marketing, sales or enrollment practices and to facilitate consumer understanding of the role and function of discount medical plan organizations in providing access to medical or ancillary services.
I-98-1
Discretionary Clauses Prohibition Model Act (MDL-42) This models helps ensure that health insurance benefits and disability-income protection coverage are contractually guaranteed, and helps avoid the conflict of interest that occurs when the carrier responsible for providing benefits has discretionary authority to decide what benefits are due.
I-42-1
Domestic Violence: Discrimination in Health Benefit Plans
VI-895-1
Drug Benefit Management Model Act (MDL-22) This model provides standards for the establishment, maintenance and management of prescription drug formularies and other pharmaceutical benefit management procedures used by health carriers that provide prescription drug benefits.
I-22-1
Drugs for Off-Label Use (MDL-148) This model sets standards for payments for drugs that have been approved for indications other than those stated in the labeling approved by the FDA.
II-148-1
External Review (MDL-75) This model provides standards for the establishment and maintenance of external review procedures to ensure that covered persons have the opportunity for an independent review of an adverse determination or final adverse determination, as defined in this Act.(MDL-76) The purpose of this Act is to provide uniform standards for the establishment and maintenance of external review procedures to assure that covered persons have the opportunity for an independent review of an adverse determination or final adverse determination.
I-75-1, I-76-1
Grievance Procedure Model Act: (MDL-72) This model provides standards for the establishment and maintenance of procedures by health carriers to ensure that covered persons have the opportunity for the appropriate resolution of grievances, as defined in this model.
I-72-1
Group Insurance:  see “Group Insurance” heading
Guaranteed Renewable Terminology
II-139-1
Guidelines for Filing of Rates for Individual Health Insurance Forms (MDL-134) This model provides guidance for the submission and filing of individual health insurance rates and establishes standards for determining the reasonableness of the relationship of benefits to premiums.
II-134-1
Health Care Professional Credentialing Verification Model Act
I-70-1
Health Carrier Claim Audit Guidelines Model Act (MDL-32) This model provides for the reasonable standardization of claim audit guidelines of health care bills to determine whether data in a health care record is supported by services listed on the claim for payment of an insured or an institutional provider.
I-32-1
Health Carrier External Review Model Act
I-75-1, I-76-1
Health Carrier Grievance Procedure Model Act:
I-72-1
Health Carrier Prescription Drug Benefit Management Model Act
I-22-1
Health Information Privacy Model Act
I-55-1
Health Insurance for Uninsurable persons 
I-85-1
Health Insurance Reserves Model Regulation             (MDL-10) This model implements the NAIC Standard Valuation Law (MDL-820). It defines categories of reserves and sets forth the minimum claim, premium and contract reserve requirements. The regulation provides for gross premium valuation to evaluate adequacy of reserves.
I-10-1
Health Maintenance Organizations Model Act (MDL-430) This Act provides for a system of regulation for health maintenance organizations that is fair and efficient, and promotes the continued solvency of health maintenance organizations.
III-430-1
Health Maintenance Organizations Model Regulation (MDL-432) This regulation implements the NAIC Health Maintenance Organization Act (MDL-430). It ensures the availability, accessibility and quality of services provided by HMOs and to provide reasonable standards for terms and provisions contained in HMO group and individual contracts and evidences of coverage.
III-432-1
Home Service Disclosure Model Act (MDL-920) This model establishes rules that ensure meaningful information is provided to the purchasers of insurance policies distributed through the home service distribution system.
VI-920-1
Individual and Small Employer Health Insurance Availability Model Act (MDL-35) The purpose of this model is to enhance the availability of health insurance coverage to small employers and individuals regardless of their health status or claims experience and to improve the overall fairness and efficiency of the small group and individual health insurance markets.
I-35-1
Individual Health Insurance Portability Model Act (MDL-37) The purpose of this model is to promote the availability of health insurance coverage to recently insured individuals regardless of their health status or claims experience and to improve the overall fairness and efficiency of the individual health insurance market.
I-37-1
Individual Health Insurance Portability—Model Regulation to Implement (MDL-38) This model is intended to implement the provisions of the NAIC Individual Health Insurance Portability Model Act (MDL-37). The Portability Act and this model are intended to regulate all health benefit plans sold to individuals, whether sold directly or through associations or other groupings of individuals.
I-38-1
Language Simplification in Life and Health Policies (MDL-575) This Act establishes minimum standards for language used in policies, contracts and certificates of life insurance, health insurance, credit life insurance and credit health insurance delivered or issued for delivery in this state to facilitate ease of reading by insureds. Policy forms must meet certain standards in regard to readability, type size and format.
IV-575-1
Limited Health Service Organization Model Act (MDL-68) This model provides the means to regulate limited health service plans and to avoid unnecessary duplication of regulation for other entities that currently are authorized to provide limited health services on a prepayment or other basis or to indemnify for such services.
I-68-1
Long-Term Care Insurance Model Act (MDL-640) This model establishes standards for long-term care insurance and facilitates flexibility and innovation in the development of long-term care insurance coverage. Its corresponding regulation is MDL-641.
IV-640-1
Long-Term Care Insurance Model Regulation (MDL-641) This regulation implements the NAIC Long-Term Care Insurance Model Act (MDL-640). It sets standards for rates, non-forfeiture values and suitability. Requirements for advertising and marketing are also detailed. Several forms are included.
IV-641-1
Managed Care Plan Network Adequacy Model Act (MDL-74) This model establishes standards for the creation and maintenance of networks by health carriers to ensure the adequacy, accessibility and quality of health care services offered under a managed care plan. It establishes requirements for written agreements between health carriers offering managed care plans and participating providers regarding the standards, terms and provisions under which the participating provider will provide services to covered persons.
I-74-1
Medical Professional Liability Closed Claim Reporting Model Law (MDL-77) This Act is intended to ensure the availability of closed claim data necessary for thorough analysis and understanding of issues associated with medical professional liability claims, in order to support the establishment and maintenance of sound public policy.
I--77-1
Medicare Supplement Insurance
  • Medicare Supplement Insurance Minimum Standards Model Act
 (MDL-650) This Act applies to all Medicare supplement policies and certificates issued under group Medicare supplement policies. It includes loss ratio standards and authority to promulgate regulations. Its corresponding model regulation is MDL-651.
IV-650-1
  • Medicare Supplement Insurance Minimum Standards Model Regulation
 (MDL-651) This regulation implements the NAIC Medicare Supplement Insurance Minimum Standards Model Act (MDL-650). It provides for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies; facilitates public understanding and comparison of such policies; eliminates provisions contained in such policies that may be misleading or confusing; and provides for full disclosures in the sale of health insurance coverage to persons eligible for Medicare.
IV-651-1
  • NAIC Model Rule Governing Advertisements of Medicare Supplement Insurance with Interpretation Guidelines
V-660-1
MEWAs:  see “Multiple Employer Welfare Arrangements” below
Minimum Standards—Accident and Sickness Insurance Minimum Standards Model Act (MDL-170) Along with its corresponding regulation (MDL-171), this Act standardizes the terms and coverage of individual and group health insurance policies and certificates providing hospital confinement indemnity, accident only, specified disease, specified accident or limited benefit health coverage.
II-170-1
Minimum Standards—Model Regulation to Implement the Accident and Sickness Insurance Minimum Standards Model Act (MDL-171) This regulation implements the NAIC Accident and Sickness Insurance Minimum Standards Model Act (MDL-170).
II-171-1
Multiple Employer Welfare Arrangements Licensee Reporting (MDL-220) This model helps prevent the operation of illegal multiple employer welfare arrangements (MEWAs). This regulation establishes specific standards for persons and licensees who become aware of, or are asked to assist, such an operation.
II-220-1
Network Adequacy Model Act
I-74-1
Newborn and Adopted Children Coverage Model Act (MDL-155) This model provides for uniformity of coverage requirements for newborn and newly adopted children and children placed for adoption under both group and individual health benefit plans.
II-155-1
Non-cancellable and Guaranteed Renewable Terminology Defined
II-139-1
Nondiscrimination in Health Insurance Coverage in the Group Market Model Regulation
II-107-1
Off-Label Drug Use Model Act
II-148-1
Overinsurance:  Coordination of Benefits
II-120-1
Overinsurance Provisions in Uniform Individual Accident and Sickness Policy Provisions Law (UPPL) (MDL-180) This model establishes a uniform individual accident and sickness policy. It sets forth the definition of "policy of accident and sickness insurance" and establishes the requirements for the form of a policy, specifies particular provisions to be included, and provides for judicial review. 
II-180-1
Policy Provisions Uniform Law in Simplified Language (MDL-185) This restatement of the required and most often used optional provisions of the Uniform Policy Provision Law (MDL-180) in simplified language is intended as a guideline for the submission and approval of individual accident and sickness policies written in simplified language. The restated provisions are intended to most accurately reflect the original intent of the UPPL and to duplicate its substantive requirements. 
II-185-1
Portability: Individual Health Insurance Model Act
I-37-1
Portability: Model Regulation to Implement the Individual Health Insurance Model Act
I-38-1
Prepaid Limited Health Service Organization Model Act
I-68-1
Prescription Drug Benefit Management Model Act
I-22-1
Private Health Care Voluntary Purchasing Alliance Model Act
I-82-1
Prohibition on the Use of Discretionary Clauses Model Act (MDL-42) This model helps ensure that health insurance benefits and disability-income protection coverage are contractually guaranteed, and helps avoid the conflict of interest that occurs when the carrier responsible for providing benefits has discretionary authority to decide what benefits are due.
I-42-1
Quality Assessment and Improvement Model Act (MDL-71) This model establishes criteria for the quality assessment activities of all health carriers that offer managed care plans and for the quality improvement activities of health carriers issuing closed plans or combination plans that have a closed component.
I-71-1
Readability in Health Insurance
IV-575-1
Regional Health Care Voluntary Purchasing Alliance Model Act
I-80-1
Reinstatement Provision; see Uniform Policy Provision Law
II-180-1
Risk-Based Capital for Health Organizations Model Act (MDL-315) This model establishes RBC requirements and outlines the reporting requirements for health organizations. The hearing process and confidentiality concerns are addressed. It also includes provisions for exemptions, foreign health organizations and immunity.
III-315-1
Risk Pooling, Health Insurance
I-85-1
Shopper’s Guide for Long-Term Care Insurance (requirement)
IV-641-19
Single Health Care Voluntary Purchasing Alliance Model Act
I-78-1
Small Employer and Individual Health Insurance Availability Model Act
I-35-1
Small Employer Health Insurance Availability Model Act (Prospective Reinsurance With or Without an Opt-Out) (MDL-118) This model enhances the availability of health insurance coverage to small employers, regardless of their health status or claims experience. Along with its corresponding model regulation (MDL-119), it helps improve the overall fairness and efficiency of the small group health insurance market.
II-118-1
Small Employer Health Insurance Availability Model Regulation (MDL-119) This model implements the provisions of the NAIC Small Employer Health Insurance Availability Model Act (MDL-118). The Act and regulation are intended to promote broader spreading of risk in the small employer marketplace.
II-119-1
Standardized Health Claim Form Model Regulation
I-30-1
Stop Loss Insurance Model Act (MDL-92) This model establishes criteria for the issuance of stop-loss insurance policies. This model does not impose any requirement or duty on any person other than an insurer or as treating any stop-loss policy as a direct policy of health insurance.
I-92-1
Third Party Administrator Statute (MDL-90) This model establishes the status of a third-party administrator, providing definitions and guidance as to the authority and obligations of a third-party administrator.
I-90-1
Twenty-Four Hour Health Coverage Pilot Project (MDL-960) This model authorizes the establishment of up to 10 pilot projects to be administered after consulting with the workers' compensation administrator. This model enables the state legislature to determine whether the costs of the workers' compensation system and the health care delivery system can be more effectively managed.
VI-960-1
Unauthorized Transaction of Insurance Criminal Model Act (MDL-890) This model prescribes penalties for those engaging in the unauthorized transaction of insurance or health coverage. It also sets out penalties for assisting an unauthorized insurer, as well as for engaging in repeated violations of this Act.
VI-890-1
Unfair Discrimination Against Subjects of Abuse in Health Benefit Plans Model Act
VI-895-1
Uniform Individual Accident and Sickness Policy Provisions
II-180-1
Uninsurable Individuals Health Plan
I-85-1
UPPL: Uniform Policy Provision Law
II-180-1
UPPL in Simplified Language
II-185-1
Utilization Review and Benefit Determination Model Act (MDL-73) This model establishes standards and criteria for the structure and operation of utilization review and benefit determination processes designed to facilitate ongoing assessment and management of health care services.
I-73-1
Workers’ Compensation:  Twenty-Four Hour Health Coverage Pilot Project
VI-960-1

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Accounting

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Annual Financial Reporting Model Regulation (MDL-205) This model helps improve the surveillance of the financial condition of insurers by requiring: 1) annual audit of financial statements; 2) communication of internal control-related matters noted in an audit; and 3) managements report of internal control over financial reporting.
II-205-1
Model Act on Custodial Agreements and the Use of Clearing Corporations (MDL-295) This model authorizes domestic insurance companies to use modern systems for holding and transferring securities, subject to appropriate regulations. Its corresponding model regulation is MDL-298.
III-295-1
Model Regulation on Custodial Agreements and the Use of Clearing Corporations (MDL-298) This model establishes requirements for custody agreements and deposits with affiliates. Its corresponding model act is MDL-295.
III-298-1
Separate Accounts Funding Guaranteed Minimum Benefits Under Group Contracts Model Regulation (MDL-200) This model prescribes rules for separate accounts that fund guaranteed minimum benefits under group contracts. It also sets out the procedures for establishing and maintaining these separate accounts and the reserve requirements for these accounts.
II-200-1

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Accreditation; Models Included in Standards

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-690) This model contains two parts. The Part A standards are the laws and regulations that are basic building blocks for sound insurance regulation. Part B identifies base-line regulatory practices and procedures required to supplement, and support enforcement of, financial solvency laws.
V-690-1
Actuarial Opinion and Memorandum Regulation (MDL-822) This model prescribes requirements for statements of actuarial opinion submitted in accordance with the NAIC Standard Valuation Law (MDL-820), and for memoranda in support of the opinion.
V-822-1
Business Transacted with Producer Controlled Property/Casualty Insurer Act (MDL-325) This model sets forth guidelines for business between controlled insurers and controlling producers. It contains specific contract provisions to be contained in controlling producer/controlled insurer contracts.
III-325-1
Credit for Reinsurance Model Act (MDL-785) This model helps ensure adequate regulation of insurers and reinsurers and adequate protection for those to whom they owe obligations. Also refer to the corresponding model regulation (MDL-786).
IV-785-1
Credit for Reinsurance Model Regulation (MDL-786) This model sets forth rules and procedural requirements necessary to carry out the provisions of the NAIC Credit for Reinsurance Model Act (MDL-785). A certification form is included.
V-786-1
Insurance Holding Company System Regulatory Act (MDL-440) This Act includes requirements pertaining to holding companies. (Also refer to MDL-450.) It pertains to subsidiaries of insurers, acquisition of control of or merger with domestic insurers, acquisitions involving insurers not otherwise covered, registration of insurers, and standards and management of an insurer within a holding company system.
III-440-1
Insurance Holding Company System Model Regulation with Reporting Forms and Instructions (MDL-450) This regulation sets forth rules and procedural requirements necessary to carry out the provisions of the NAIC Insurance Holding Company System Regulatory Act (MDL-440).
III-450-1
Life and Health Insurance Guaranty Association Model Act          (MDL-520) This Act protects against failure in the performance of contractual obligations under life and health insurance policies and annuity contracts because of the impairment or insolvency of the member insurer that issued the policies or contracts.
III-520-1
Notice of Protection provided by [State] Life and Health Insurance Guaranty Association

(GDL-1525) This guideline is designed to help states proceed with revisions to Section 19: Prohibited Advertisement of Insurance Guaranty Association Act in Insurance Sales; Notice to Policy Owners in the Life and Health Insurance Guaranty Association Model Act – Model # 520. This guideline updates the general notice on guaranty association coverage required to be provided under Section 19 of the Model Act.

 VI-1525-1
Managing General Agents Act (MDL-225) This model governs the qualifications and procedures for a resident or non-resident producer acquiring the status as a managing general agent. Its provisions cover licensure, required contract provisions, duties of insurers, examination authority, penalties and liabilities.
II-225-1
Model Law on Examinations (MDL-390) This Act helps provide an effective, efficient system for examining the activities, operations, financial condition and affairs of all persons transacting the business of insurance.
III-390-1
Model Regulation to Define Standards and Commissioner’s Authority for Companies Deemed to be in Hazardous Financial Condition (MDL-385) This model sets forth standards for identifying insurers found to be in such condition as to render the continuance of their business hazardous to the public or to holders of their policies or certificates of insurance.
III-385-1
Insurer Receivership Model Act (MDL-555) This Act helps protect the interests of insureds, claimants, creditors and the public generally through early detection of a potentially hazardous financial condition of an insurer and enhanced efficiency in liquidation to conserve the assets of the insurer.
III-555-1
Property and Liability Insurance Guaranty Association Model Act (MDL-540) This Act provides a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and to minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of such protection among insurers.
III-540-1
Reinsurance Intermediary Model Act (MDL-790) This Act applies to reinsurance intermediary-brokers and reinsurance intermediary-managers. It establishes required contract provisions, book and record documentation, prohibited acts, duties of reinsurers, examination authority, prohibited acts, licensure provisions, examination authority, penalties and liability and reciprocity provisions related to reinsurance intermediary-brokers and intermediary-managers.
V-790-1
Risk-Based Capital (RBC) Model Act (MDL-312) This model establishes RBC requirements and outlines the reporting requirements for insurers. The hearing process and confidentiality concerns are addressed. It also includes provisions for exemptions, foreign insurers and immunity.
III-312-1
Standard Valuation Law (MDL-820) The model establishes standards for reserve liabilities valuation for all outstanding life insurance policies and annuity and pure endowment contracts. It requires actuarial opinion of reserves and contains provisions detailing the computation of minimum standard, reserve valuation, minimum reserves, optional reserves and minimum standards of valuation for health plans.
VI-820-1

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Acquisitions and Mergers

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-440) This Act includes requirements pertaining to holding companies. (Also refer to MDL-450.) It pertains to subsidiaries of insurers, acquisition of control of or merger with domestic insurers, acquisitions involving insurers not otherwise covered, registration of insurers, and standards and management of an insurer within a holding company system.
III-440-1

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Actuarial Opinion and Memorandum Regulation (Life)

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-822) This model prescribes requirements for statements of actuarial opinion submitted in accordance with the NAIC Standard Valuation Law (MDL-820), and for memoranda in support of the opinion.
VI-822-1

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Actuarial Opinion Model Law (Property and Casualty)

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-745) This model outlines the requirements for property/casualty insurers to obtain annual actuarial opinions of reserves. It details the requirements for the actuarial opinion summary and the actuarial report. The model also contains a provision pertaining to confidentiality.
V-745-1

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Adjusters Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-282) This model sets standards for the prudent use of derivative instruments in accordance with the Investments of Insurers Model Act (MDL-280).
II-282-1

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Administrative Supervision Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-558) This Act outlines the parameters under which administrative supervision of an insurance company takes effect. It addresses failure to comply, confidentiality, prohibited acts, immunity, and administrative election of proceedings.
III-558-1

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Administrator Statute

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-90) This model establishes the status of a third-party administrator, providing definitions and guidance as to the authority and obligations of a third-party administrator.
I-90-1

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Advertisements of Life Insurance and Annuities Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-570) This regulation sets forth minimum standards and guidelines to assure a full and truthful disclosure to the public of all material and relevant information in the advertising of life insurance policies and annuity contracts.
IV-570-1

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Advertising

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Advertisements of Accident and Sickness Insurance Model Regulation
I-40-1
Annuities Advertisements (MDL-570) This regulation sets forth minimum standards and guidelines to assure a full and truthful disclosure to the public of all material and relevant information in the advertising of life insurance policies and annuity contracts.
IV-570-1
Buyer’s Guide: Fixed Deferred Annuities (MDL-245) This model provides standards for the disclosure of information about annuity contracts in order to protect consumers and foster consumer education.
II-245-7
Buyer’s Guide: Life Insurance (MDL-580) This model requires insurers to provide information to purchasers of life insurance that will improve the buyer's ability to select the most appropriate plan of life insurance for the buyer's needs and improve the buyer's understanding of the basic features of the policy that has been purchased or is under consideration.
IV-580-1
Life Insurance Advertisements
IV-570-1
Medicare Supplement Insurance Advertising
IV-660-1
Unauthorized Insurers False Advertising Process Act (MDL-840) This model gives the commissioners jurisdiction to take action against unauthorized insurers that distribute false advertising in their respective states, accordign to the parameters outlined in the Unfair Trade Practices Act (MDL-880).
VI-840-1

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After Market Parts Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-891) This model regulates the use of after-market parts in automobile damage repairs that insurers pay for on their insured's vehicle. The regulation requires disclosure when any use is proposed of a non-original manufacturer part. It also requires that all after-market parts, as defined in the regulation, be identified and be of the same quality as the original part.
VI-891-1

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Alliances for Purchasing Health Insurance

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Private Health Care Voluntary Purchasing Alliance Model Act
I-82-1
Regional Health Care Voluntary Purchasing Alliance Model Act
I-80-1
Single Health Care Voluntary Purchasing Alliance Model Act
I-78-1

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Allocation of Surplus Lines and Independently Procured Insurance Premium Tax on Multi-State Risks Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-872) This model implements provisions of the NAIC Nonadmitted Insurance Model Act (MDL-870) by requiring surplus lines licensees to allocate premiums where a placement of surplus lines insurance covers properties, risks or exposures located or to be performed in various states (multi-state risks); facilitate payment of surplus lines tax or independently procured insurance tax in this state pursuant to the Nonadmitted Insurance Model Act; and provide a mechanism by which a surplus lines licensee or insured shall allocate premiums and pay premium taxes to each state where placement of surplus lines insurance covers properties, risks or exposures located or to be performed in each state.
VI-872-1

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Annual Statements, Filing with NAIC

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-395) This Act sets forth the requirements for participating in the NAIC Insurance Regulatory Information System (IRIS). It requires annual statement filing for each domestic, foreign and alien insurer that is authorized to transact insurance in the respective jurisdiction.
III-395-1

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Annuities

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Advertisements of Life Insurance and Annuities Model Regulation
IV-570-1
Annuity Disclosure Model Regulation
II-245-1
Annuity Non-forfeiture Model Regulation (MDL-806) This model implements the provisions added in 2003 to Section 4 of the NAIC Standard Non-forfeiture Law for Individual Deferred Annuities (MDL-805) and describes the calculations needed for redetermination of non-forfeiture rates. The requirements for equity-indexed annuities are also described.
VI-806-1
Assumption Reinsurance Model Act (MDL-803) This model provides for the regulation of the transfer and novation of contracts of insurance by way of assumption reinsurance. It defines assumption reinsurance and establishes notice and disclosure requirements which protect and define the rights and obligations of policyholders, regulators and the parties to assumption reinsurance agreements.
IV-803-1
Buyer’s Guide to Fixed Deferred Annuities
II-245-7
Charitable Gift Annuities Exemption Model Act               (MDL-241) This model specifies that annuities that qualify as charitable gift annuities do not constitute engaging in the business of insurance.
II-241-1
Charitable Gift Annuities Model Act (MDL-240) This model defines charitable gift annuities and contains requirements related to certificate of authority requirements, surplus and reserve standards, investments, examinations, annual reports and disclosure.
II-240-1
Interest-Indexed Annuity Contracts Model Regulation (MDL-235) This regulation establishes the initial filing requirements for interest-indexed annuity contracts. It also contains additional filing requirements, valuation requirements, and a Statement of Actuarial Opinion for Interest-Indexed Annuity Contracts. This regulation applies only to individual annuity contracts. This regulation currently addresses only the indexing of interest credits.
II-235-1
Model Regulation Permitting the Recognition of Preferred Mortality Tables for Use in Determining Minimum Reserve Liabilities (MDL-815) This model recognizes, permits and prescribes the use of mortality tables that reflect the differences in mortality between preferred and standard lives in determining minimum reserve liabilities.
VI-815-1
Modified Guaranteed Annuity Regulation (MDL-255) This model provides rules for modified guaranteed annuities. It establishes the qualifications of agents and insurers; the required contract form and provisions; and the manner in which separate account assets are to be maintained and reported.
II-255-1
Mortality Tables (MDL-821) This model recognizes the following mortality tables for use in determining the minimum standard of valuation for annuity and pure endowment contracts: the 1983 Table "a," the 1983 Group Annuity Mortality (1983 GAM) Table, the Annuity 2000 Mortality Table and the 1994 Group Annuity Reserving (1994 GAR) Table.
VI-821-1
Non-forfeiture Law for Individual Deferred Annuities (MDL-805) This model provides guidance as to non-forfeiture requirements, minimum values, present value computation, calculation of cash-surrender values, paid-up annuity benefits, maturity date, disclosure of limited death benefits, inclusion of lapse of time considerations, proration of values and additional benefits for individual deferred annuities.
V-805-1
Life Insurance and Annuities Replacement Model Regulation (MDL-613) This regulation sets forth standards for the activities of insurers and producers with respect to the replacement of existing life insurance and annuities. It helps protect the interests of life insurance and annuity purchasers by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions.
IV-613-1
Suitability in Annuity Transactions Model Regulation (MDL-275) This model sets forth standards and procedures for recommendations to consumers that result in a transaction involving annuity products so that the insurance needs and financial objectives of consumers at the time of the transaction are appropriately addressed.
II-275-1
Variable Annuity Model Regulation (MDL-250) This model specifies the qualifications required of insurers to offer, and agents to sell, variable annuities. It also stipulates the manner in which variable benefits are to be calculated and how separate account categories are to be maintained.
II-250-1
Variable Contract Model Law (MDL-260) This model establishes guidelines for variable contracts. It includes requirements pertaining to contract statements and licensing, and clarifies the powers of the commissioner with respect to variable contracts.
II-260-1

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Arson:  Anti-Arson Application Bill

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-715) This Act requires insurance companies to secure anti-arson applications from applicants for new policies of property insurance containing information to control the incidence of arson fraud.
V-715-1

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Assumption Reinsurance Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-803) This model provides for the regulation of the transfer and novation of contracts of insurance by way of assumption reinsurance. It defines assumption reinsurance and establishes notice and disclosure requirements which protect and define the rights and obligations of policyholders, regulators and the parties to assumption reinsurance agreements.
V-803-1

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Atomic Energy Exclusion Statute

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-700) This model offers an exclusion authorizing insurers to exempt from coverage loss or damage caused by nuclear reaction or nuclear radiation or radioactive contamination.
V-700-1

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Audit Guidelines for Health Claims

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-32) This model provides for the reasonable standardization of claim audit guidelines of health care bills to determine whether data in a health care record is supported by services listed on the claim for payment of an insured or an institutional provider.
I-32-1

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Audited Financial Reports

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-205) This model helps improve the surveillance of the financial condition of insurers by requiring: 1) annual audit of financial statements; 2) communication of internal control-related matters noted in an audit; and 3) managements report of internal control over financial reporting.
II-205-1

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Authorization for Criminal History Record Check Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-222) This model sets forth requirements for the states to obtain access to the FBI Criminal Justice Information Services Division's criminal history record information and secure such information or reports. II-222-1

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Automobile Insurance

TITLE OF MODEL DESCRIPTION VOLUME MODEL
After Market Parts Model Regulation (MDL-891) This model regulates the use of after-market parts in automobile damage repairs that insurers pay for on their insured's vehicle. The regulation requires disclosure when any use is proposed of a non-original manufacturer part. It also requires that all after-market parts, as defined in the regulation, be identified and be of the same quality as the original part. VI-891-1
Automobile Insurance Declination, Termination and Disclosure Model Act (MDL-725) This Act regulates cancellations and non-renewals by requiring specific reasons for that action. Permitted and prohibited reasons are set out. IV-725-1
Collision Damage Waiver Model Act (MDL-728) This Act prohibits rental car companies from imposing liability upon renters subject to certain stated exceptions and regulates the sale of the collision damage waiver in connection with private passenger automobile rental agreements of 30 days or less. V-728-1
Home Service Disclosure Model Act VI-920-1
Personal Lines Group Property and Casualty Insurance Model Act (MDL-760) This model sets forth the requirements for group personal lines property and casualty insurance master policies. It addresses policy coverage requirements, group rating requirements, the duties and limitations of insurers, solicitation, negotiation or sale of companies, conversion, and regulatory jurisdiction. V-760-1
Personal Lines Property and Casualty Insurance Policy Simplification Model Regulation (MDL-731) This model sets forth the compliance standards for simplifying personal lines property and casualty insurance policies. V-731-1
Property and Casualty Insurance Policy Simplification Model Act (MDL-730) This Act establishes minimum language and format standards to make property/casualty insurance policies easier to read. V-730-1
Service Contracts Model Act (MDL-685) This Act creates a legal framework within which service contracts may be sold; encourages innovation in the marketing and development of more economical and effective means of providing services under service contracts; and encourages fair and effective competition among different systems of providing and paying for these services. V-685-1
Automobile Insurance Fraud Guideline VI-1694-1

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Birthday Rule in Coordination of Benefits

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-120) This model establishes a uniform order of benefit determination under which plans pay claims; reduces duplication of benefits; and provides greater efficiency in the processing of claims when a person is covered under more than one plan. II-120-1

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Blindness: Discrimination

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-888) This regulation is promulgated pursuant to the authority granted by the NAIC Unfair Trade Practices Act (MDL-880). It classifies failure to insure an individual because of blindness as an unfair trade practice. VI-888-1

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Broker Controlled Insurer Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-325) This model sets forth guidelines for business between controlled insurers and controlling producers. It contains specific contract provisions to be contained in controlling producer/controlled insurer contracts. III-325-1

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Business Transacted with Producer Controlled Property/Casualty Insurer Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-325) This model sets forth guidelines for business between controlled insurers and controlling producers. It contains specific contract provisions to be contained in controlling producer/controlled insurer contracts. III-325-1

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Buyer’s Guides

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Equity-Indexed Annuities II-245-14
Fixed Deferred Annuities II-245-7
Life Insurance IV-580-1
Long-Term Care Insurance Shopper’s Guide (requirement) IV-641-19

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Cancellation and Nonrenewal

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Automobile Insurance Declination, Termination and Disclosure Model Act V-725-1
Non-cancellable and Renewable Terminology II-139-1
Property Insurance Declination, Termination and Disclosure Model Act (MDL-720) This Act regulates cancellations and non-renewals by requiring specific reasons for that action. Permitted and prohibited reasons are set out. V-720-1

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Capital Requirements for Health Organizations

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-315) This model establishes RBC requirements and outlines the reporting requirements for health organizations. The hearing process and confidentiality concerns are addressed. It also includes provisions for exemptions, foreign health organizations and immunity. III-315-1

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Capital Requirements for Insurers

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-312) This model establishes RBC requirements and outlines the reporting requirements for insurers. The hearing process and confidentiality concerns are addressed. It also includes provisions for exemptions, foreign insurers and immunity. III-312-1

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Charitable Gift Annuities

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Charitable Gift Annuities Exemption Model Act               II-241-1
Charitable Gift Annuities Model Act II-240-1

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Charitable Gifts of Life Insurance Guidelines

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-601) The model contains guidance for states in a question-and-answer format, explaining the main features of gifts of life insurance to charities. IV-601-1

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Claim Audit Guidelines for Health Insurance

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-32) This model provides for the reasonable standardization of claim audit guidelines of health care bills to determine whether data in a health care record is supported by services listed on the claim for payment of an insured or an institutional provider. I-32-1

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Claim Forms:  Standardized Health Claim Form Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-30) This model standardizes the forms used in the billing and reimbursement of health care, reduces the number of forms utilized, increases efficiency in the reimbursement of health care and encourages the use of and prescribes a timetable for the implementation of electronic data interchange of health care expenses and reimbursement. I-30-1

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Claims Settlement Practices

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Unfair Claims Settlement Practices Act (MDL-900) This model sets forth standards for the investigation and disposition of insurance claims. It is not intended to cover claims involving workers? compensation, fidelity, suretyship or boiler and machinery insurance. VI-900-1
Unfair Life, Accident and Health Claims Settlement Practices Model Regulation (MDL-903) This model sets forth minimum standards for the investigation and disposition of life, accident and health claims. The various provisions of this regulation are intended to define procedures and practices that constitute unfair claims practices. It is not intended to cover claims involving workers' compensation insurance. VI-903-1
Unfair Property/Casualty Claims Settlement Practices Model Regulation (MDL-902) This model sets forth minimum standards for the investigation and disposition of property and casualty claims. The various provisions of this regulation are intended to define procedures and practices which constitute unfair claims practices. It is not intended to cover claims involving workers' compensation, fidelity, suretyship or boiler and machinery insurance. VI-902-1

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Claims Made Policies: CGL Extended Reporting Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-740) This Act establishes the required provisions for a general commercial liability coverage policy offering an extended reporting period for claims. V-740-1

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Clearing Corporations and Custodial Agreements by Insurance Companies Model Law

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-295) This model authorizes domestic insurance companies to use modern systems for holding and transferring securities, subject to appropriate regulations. Its corresponding model regulation is MDL-298. III-295-1

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Clearing Corporations and Custodial Agreements by Insurance Companies Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-298) This model establishes requirements for custody agreements and deposits with affiliates. Its corresponding model act is MDL-295. III-298-1

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COLI Guidelines

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-602) This model includes key elements that should be included in state laws regarding corporate-owned life insurance. IV-602-1

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Collision Damage Waiver Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-728) This Act prohibits rental car companies from imposing liability upon renters subject to certain stated exceptions and regulates the sale of the collision damage waiver in connection with private passenger automobile rental agreements of 30 days or less. V-728-1

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Commercial Lines Property and Casualty Rate and Policy Form Model Law

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-777) This model is not intended to be a stand-alone model. Its provisions are intended to replace comparable provisions in current state rate and policy form regulatory laws. Regulatory laws relating to definitions, rate and form standards, disapprovals, advisory organizations, etc., are to be preserved. V-777-1

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Commissioner’s Authority Regarding Companies in Hazardous Condition

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-385) This model sets forth standards for identifying insurers found to be in such condition as to render the continuance of their business hazardous to the public or to holders of their policies or certificates of insurance. III-385-1

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Compact, Interstate

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-692) This model establishes a compact for the purpose of approving forms for life, annuity, disability income and long-term care insurance. The compact also has authority to review and approve rates for disability income and long-term care, as well as advertising for long-term care insurance. V-692-1

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Company Organization, Management, Securities

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Clearing Corporations Model Law (MDL-295) This model authorizes domestic insurance companies to use modern systems for holding and transferring securities, subject to appropriate regulations. Its corresponding model regulation is MDL-298. III-295-1
Clearing Corporations Model Regulation III-298-1
Deposit Law (MDL-300) This model creates uniform law for deposits, establishing deposit requirements, circumstances for reciprocity, depositary designation, rights of the insurer, the treatment and release of deposits, and addresses deposits made with foreign or alien insurers. III-300-1
Disclosure of Material Transactions Model Act................................................. (MDL-285) This model establishes requirements for disclosing material transactions. It provides guidelines pertaining to the content of the report containing material transactions, the process for acquisition and disposition of assets, transaction exceptions to the reporting requirement and confidentiality. III-285-1
Examinations Model Law III-390-1
Examinations of Companies Deemed to be in Hazardous Financial Condition III-385-1
Financial Statements:  see “Accounting” heading
Fraternal Insurance Companies (MDL-675) This model defines fraternal benefit societies, lodge systems, representative form of government and sets forth an organizational footprint for a fraternal benefit society. It addresses conversion of fraternal benefit societies into mutual life insurance companies, includes qualifications for membership, articles of incorporation, constitution, laws and amendments, as well as a provisions regarding operation of institutions. V-675-1
Holding Company Model Act III-440-1
Holding Company Model Regulation III-450-1
Indemnity Contracts Model Act (MDL-356) This Act regulates certain classes of indemnity contracts empowering corporations to make such contracts and fixing certain fees, and includes penalty provisions. III-356-1
Insolvency:  see “Insolvency” heading
Organization and Ownership of New Insurance Companies (MDL-320) This model provides guidance on the various criteria to be satisfied in the organization and ownership of a new insurance company. It includes guidance related to disclosure of promotional cost, disposition of monies resulting from sale of stock, license hearing, capital and surplus requirements, review of management or agency contract, hiring of full-time employees and recordkeeping. III-320-1
Proxies, Consents and Authorizations of Domestic Stock Insurers (MDL-490) This regulation provides proxy requirements, filing requirements. securities solicitations, information to be provided to securities holders, consent and authorization, communications with securities holders, proposals, false and misleading statements, and special provisions related to election contests. III-490-1
Re-domestication Model Bill (MDL-350) This model provides a means whereby any insurer organized under the laws of another state may become a domestic insurer; to provide a means for any domestic insurer to transfer its domicile to another state; and to provide a means for the continuation of a certificate of authority and other approvals pertaining to a foreign insurer that transfers its corporate domicile to another state by merger or consolidation or any other lawful method. III-350-1
Stockholder Information Supplement (SIS) (MDL-500) This model contains general instructions, information regarding financial reporting to stockholders, information and instructions regarding management and directors, and instructions for statement of beneficial ownership of securities. III-500-1
 

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Competitive Rating Law (P/C)

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-775) This model sets rate standards for a competitive marketplace. Procedures for rate filings and disapproval of those filings is included. V-775-1

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Complaints: Records to be Maintained

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-884) This model implements provisions of the NAIC Unfair Trade Practices Act (MDL-880) regarding complaint recordkeeping. VI-884-1

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Controlling Producers

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-325) This model sets forth guidelines for business between controlled insurers and controlling producers. It contains specific contract provisions to be contained in controlling producer/controlled insurer contracts. III-325-1

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Conversion Privilege for Group Health Insurance

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-105) This model specifies when an employee or member of a group health plan is entitled to have a converted policy issued to him/her, without evidence of insurability, subject to the provisions of this model. II-105-1

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Coordination of Benefits Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-120) This model establishes a uniform order of benefit determination under which plans pay claims; reduces duplication of benefits; and provides greater efficiency in the processing of claims when a person is covered under more than one plan. II-120-1

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Corporate Owned Life Insurance Guidelines

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-602) This model includes key elements that should be included in state laws regarding corporate-owned life insurance. IV-602-1

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CPA Audited Annual Statements

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-205) This model helps improve the surveillance of the financial condition of insurers by requiring: 1) annual audit of financial statements; 2) communication of internal control-related matters noted in an audit; and 3) managements report of internal control over financial reporting. II-205-1

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Credentialing Verification of Health Care Professionals

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-70) This model requires a health carrier to establish a comprehensive health care professional credentialing verification program to ensure that its participating health care professionals meet specific minimum standards of professional qualification. I-70-1

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Credit for Reinsurance Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-785) This model helps ensure adequate regulation of insurers and reinsurers and adequate protection for those to whom they owe obligations. Also refer to the corresponding model regulation (MDL-786). V-785-1

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Credit for Reinsurance Model Regulation

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-786) This model sets forth rules and procedural requirements necessary to carry out the provisions of the NAIC Credit for Reinsurance Model Act (MDL-785). A certification form is included. V-786-1

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Credit Insurance

TITLE OF MODEL DESCRIPTION VOLUME MODEL
Determining Reserve Liabilities for Credit Life Insurance Model Regulation (MDL-818) This model recognizes the 2001 CSO Male Composite Ultimate Mortality Table for use in determining the minimum standard of valuation and specifies the interest rate and method to be used in determining the minimum standard of valuation for credit life insurance. VI-818-1
Consumer Credit Insurance Model Act (MDL-360) This Act helps promote the public welfare by regulating consumer credit insurance. III-360-1
Consumer Credit Insurance Model Regulation (MDL-370) This regulation helps protect the interests of debtors and the public by providing a system of rate, policy form and operating standards for the transaction of credit life, credit accident and health, and credit unemployment insurance. III-370-1
Credit Personal Property Insurance Model Act               (MDL-365) This Act 1) Promotes the public welfare by regulating credit personal property insurance; 2) Creates a legal framework within which credit personal property insurance may be written in this state; 3) Helps maintain the separation between creditors and insurers; 4) Minimizes the possibilities of unfair competitive practices in the sale of credit personal property insurance; and 5) Addresses the problems arising from reverse competition in credit insurance markets. III-365-1
Mortgage Guaranty Insurance Model Act (MDL-630) This Act defines terminology related to mortgage guaranty insurance and contains provisions pertaining to capital and surplus, the insurer's authority to transact business, geographic concentration, advertising, investment limitation, underwriting discrimination, mortgage guaranty insurance as monocline, policy and premium rate filings, outstanding total liabilities, rebates, commissions and charges, prohibition of compensating balances, reserves, and conflicts of interest. IV-630-1

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Creditor-Placed Insurance Model Act

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-375) This Act creates a legal framework within which creditor-placed insurance may be written; helps maintain the separation between creditors and insurers; and minimizes the possibilities of unfair competitive practices in the sale of creditor-placed insurance. III-375-1

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Criminal Sanctions for Failure to Report Impairment Model Bill

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-510) This model outlines the criminal sanctions and penalties associated with failing to report financial impairment of an insurer to the proper authorities. III-510-1

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Custodial Agreements with Clearing Corporations

TITLE OF MODEL DESCRIPTION VOLUME MODEL
(MDL-295) This model authorizes domestic insurance companies to use modern systems for holding and transferring securities, subject to appropriate regulations. Its corresponding model regulation is MDL-298. (MDL-298) This model establishes requirements for custody agreements and deposits with affiliates. Its corresponding model act is MDL-295. III-295-1, III-298-1

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