NAIC Group Defines ‘Accelerated Underwriting’ Over Industry Protests

June 1, 2021 by John Hilton

A state regulator group reversed course today and approved a definition of accelerated underwriting, and related data elements, after a torrent of criticism.

The definition and data elements move on for consideration Thursday by the Market Conduct Annual Statement Blanks working group. If the criteria passes a further vote by the MCAS parent committee later this summer, accelerated underwriting data would be on track for 2023 reporting.

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Originally Posted at InsuranceNewsNet on May 25, 2021 by John Hilton.