US NAIC Summer 2022 National Meeting Highlights: Race And Insurance – Insurance Laws and Products

On August 11, 2022, the Special (EX) Committee on Race and
Insurance (“R&I Committee”) met at the Summer 2022
National Meeting of the National Association of Insurance
Commissioners (“NAIC”). While the R&I Committee did
not announce any major new developments or expose any substantive
items for review or comment, it reported on the progress of several
important initiatives that it has been overseeing over the past few
years.

The R&I Committee’s Workstream Five, which is charged
with examining and determining which practices or barriers exist
that potentially disadvantage people of color and/or historically
underrepresented groups in the health insurance line of business,
provided a robust report, noting that in December 2021 it had
adopted a Principles for Data Collection document. Workstream Five
is preparing a guide for state insurance regulators that will
compile information about such barriers and present potential tools
and strategies for state insurance regulators to address these
barriers. In connection with that project, Workstream Five is
particularly focusing on 1) benefit design, including examining
provider network design and benefit structures, and 2) consumer
empowerment and engagement. Two of four planned public meetings for
2022 have been held on these topics, with the remaining meetings
planned to occur before the end of the year.

In addition, the R&I Committee heard about diversity, equity
and inclusion efforts being undertaken by specific state insurance
regulators, including the District of Columbia Department of
Insurance, Securities and Banking.

To view additional updates from the US NAIC Summer 2022 National
Meeting, visit our meeting highlights
page.

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