§ 8516. Other laws
§ 8516. Other laws (a) Nothing in this chapter prevents the enforcement of any other law of a compacting state, except as provided in subsection (b) of this section. (b) For any product approved or certified to the Commission, the rules, uniform standards, and any other requirements of the Commission shall constitute the exclusive provisions […]
§ 8501. Establishment of the Commission and venue
§ 8501. Establishment of the Commission and venue (a) The compacting states hereby create and establish a joint public agency known as the “Interstate Insurance Product Regulation Commission.” Pursuant to section 8502 of this chapter, the Commission will have the power to develop uniform standards for product lines, receive and provide prompt review of products […]
§ 8502. Powers of the Commission
§ 8502. Powers of the Commission The Commission shall have the following powers: (1) To adopt rules, pursuant to section 8505 of this chapter, which shall have the force and effect of law and shall be binding in the compacting states to the extent and in the manner provided in this compact. (2) To exercise […]
§ 8503. Organization of the Commission
§ 8503. Organization of the Commission (a) Membership. Each compacting state shall have and be limited to one member. Each member shall be qualified to serve in that capacity pursuant to applicable law of the compacting state. Any member may be removed or suspended from office as provided by the law of the state from […]
§ 8504. Meetings and acts of the Commission
§ 8504. Meetings and acts of the Commission (a) The Commission shall meet and take such actions as are consistent with the provisions of this compact and the bylaws. (b) Each member of the Commission shall have the right and power to cast a vote to which that compacting state is entitled and to participate […]
§ 8505. Rules and operating procedures; rulemaking functions of the Commission and opting out of uniform standards
§ 8505. Rules and operating procedures; rulemaking functions of the Commission and opting out of uniform standards (a) Rulemaking authority. The Commission shall adopt reasonable rules, including uniform standards, and operating procedures in order to effectively and efficiently achieve the purposes of this compact. Notwithstanding the foregoing, in the event the Commission exercises its rulemaking […]
§ 8506. Commission records and enforcement
§ 8506. Commission records and enforcement (a) The Commission shall adopt rules establishing conditions and procedures for public inspection and copying of its information and official records, except such information and records involving the privacy of individuals and insurers’ trade secrets. The Commission may adopt additional rules under which it may make available to federal […]
§ 8500. Definitions
§ 8500. Definitions As used in this chapter: (1) “Advertisement” means any material designed to create public interest in a product, or induce the public to purchase, increase, modify, reinstate, borrow on, surrender, replace, or retain a policy as more specifically defined in the rules and operating procedures of the Commission. (2) “Bylaws” means those […]