The National Conference of Insurance Legislators (NCOIL) is an organization of state legislators whose main area of public policy concern is insurance legislation and regulation. Many legislators active in NCOIL either chair or are members of the committees responsible for insurance legislation in their respective state legislatures across the country.
NCOIL has three meetings each year in the spring, summer and fall. The Executive Committee and each of the topical committees meet to discuss and debate issues de jure. Out of the committee work, NCOIL develops formal policy positions, model laws, and resolutions for publication to legislatures, regulators, the media and Congress. NCOIL officers also regularly testify at the National Association of Insurance Commissioners and before Congress.
Michigan legislators have enjoyed a high participation level and visibility at NCOIL, including former Senator Alan Sanborn’s service as NCOIL President. Participation is bi-partisan and Michigan legislators can receive funding for their travel and lodging costs from the Insurance Bureau Fund administered by the Commissioner of the Office of Financial and Insurance Regulation. All insurance companies doing business in Michigan are assessed their pro-rata share of the Insurance Bureau Fund.
MIC regularly participates in NCOIL meetings and regards NCOIL as an important contributor to the review, oversight and upkeep of laws, regulations and public policy affecting insurance regulation. MIC supports the statutory funding mechanism for Michigan legislators to attend NCOIL meetings.
Money in the insurance bureau fund may be appropriated by the legislature to pay for legislators designated by the senate majority leader and speaker of the house of representatives to participate in insurance activities coordinated by insurance and legislative associations including the national association of insurance commissioners and the national council of insurance legislators. MCL 500.22