Sen. Larry Walker III (R–Perry) recently attended the National Council of Insurance Legislators (NCOIL) 2024 Summer Meeting in Costa Mesa, California. The event, which gathered 344 participants, including 66 legislators from 30 states, featured robust discussions on a variety of insurance-related topics and saw the development and continuation of several model laws.  In addition, Sen. Walker was elected to the organization’s Executive Committee. 

Sen. Walker highlighted the importance of these gatherings, stating, “NCOIL meetings provide a crucial platform for legislators to collaborate on significant insurance issues that affect all states, share best practices and develop effective model legislation that benefits both consumers and the insurance market. I’m proud to contribute to these important discussions and to play a role in crafting insurance legislation for consideration by state legislative bodies across the nation.” 

Key topics covered included insurers' use of aerial images when underwriting properties, regulation of third-party litigation financing, preventive medicine, earned wage access providers, value-based purchasing agreements, and health care facility site-neutral payment reforms. Additionally, discussions on the NCOIL Mental Health Parity Model Act and the establishment of Catastrophe Savings Accounts were continued.

NCOIL is a national legislative organization composed of legislators from all 50 states, principally those serving on their states' insurance and financial institutions committees. Founded in 1969, NCOIL aims to create model laws in insurance and financial services, preserve state jurisdiction over insurance as established by the McCarran-Ferguson Act, and serve as an educational forum for public policymakers and interested parties. The organization works to assert the prerogative of legislators in making state policy on insurance and educate state legislators on current and longstanding insurance issues.