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State lawmakers with an interest in insurance have picked their 2017-2018 officers, and to rename their group.
The National Conference of Insurance Legislators agreed last week in Phoenix, at NCOIL’s annual meeting, to make Arkansas state Sen. Jason Rapert, R-Conway, Ark., the 2017-2018 president.
(Related: Steve Riggs Now Leads National Conference of Insurance Legislators)
Rapert will succeed Kentucky state Rep. Steve Riggs.
NCOIL also named Vermont state Rep. Bill Botzow to be vice president; Indiana state Rep. Matt Lehman, treasurer; and California state Assemblymember Kenneth Cooley, secretary, according to a meeting summary provided by NCOIL.
Tom Considine continues to be NCOIL’s chief executive officer.
In other NCOIL news, members of NCOIL’s bylaws committee voted to change NCOIL’s name to the “National Council of Legislators,” because of a sense that the word “council” better reflects the fact that the group has members from all 50 states.
Some of the officials who head state insurance departments are elected; others are appointed by governors.
NCOIL often cooperates with the National Association of Insurance Commissioners, the group for state insurance commissioners, but, at times, NCOIL has taken different positions. NCOIL members have argued that the insurance policymaking system should give state legislators, who are almost always elected by the people, a bigger role in efforts to shape state insurance laws.
Rapert said in a statement that he looks forward to working to increase state legislator participation.
“Our organization has been a leader in educating policymakers to make informed insurance policy decisions that protect consumers and ensure a vibrant insurance marketplace in every state,” Rapert said.
—Read NCOIL Says Trade Deal May Weaken State Regulators on ThinkAdvisor.
— Connect with ThinkAdvisor Life/Health on Facebook and Twitter.
Jim Armstrong has been working on updating the accounting rules for interest rate hedges.
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