News & Analysis as of

NAIC Rebates

Carlton Fields

The Gift of Giving: States Move to Amend Their Anti-Rebating Laws

Carlton Fields on

On December 9, 2020, the NAIC Executive Committee adopted provisions to section 4(H) of the NAIC Unfair Trade Practices Act (Model 880) allowing insurers and producers to provide consumers with value-added products and...more

Carlton Fields

NAIC Task Force Gives Insurers a Holiday Rebating Gift

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Just in time for the holidays, the Innovation and Technology Task Force (Innovation TF) and the NAIC Executive (EX) Committee adopted revisions to Section 4(H) of the NAIC Unfair Trade Practices Act (Model 880). ...more

Cooley LLP

Blog: NAIC Adopts Amendment to Relax Restrictions on Rebates That May Be Offered by Insurance Providers

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On December 9, the National Association of Insurance Commissioners' executive committee unanimously adopted an amendment to the NAIC Unfair Trade Practices Act, referred to herein as the Model Act, which, if adopted by the...more

Carlton Fields

No Summer Break for the Rebating Drafting Group

Carlton Fields on

The rebating drafting group of the NAIC’s Innovation and Technology (EX) Task Force (“Innovation TF”) has been busy all summer working on proposed changes to section 4(H) of the NAIC’s Unfair Trade Practices Act (UTPA). On...more

Carlton Fields

Is It Time to Come Out and Play? New Rules Proposed on What Constitutes Rebating

Carlton Fields on

While everyone was working from home, the NAIC's Innovation and Technology (EX) Task Force (Innovation TF) was busy creating proposed new game rules on rebating. ...more

Carlton Fields

Time to Flush Certain Restrictions on Rebates?

Carlton Fields on

The NAIC and states are reviewing whether to flush those provisions of state anti-rebating laws that inhibit innovation in the insurance industry. The NAIC Unfair Trade Practices Act (#880) prohibits offering any premium...more

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