NCCI for-profit discussion draws regulators' attention.(National Council on Compensation Insurance)(National Association of Insurance Commissioners Summer 1996 Meeting)

National Underwriter Property & Casualty-Risk & Benefits Management, June, 1996 by Gilbert, Evelyn

NEW YORK--Regulators want to be kept apprised of any moves made by the National Council on Compensation Insurance to change to a for-profit entity, insurance commissioners declared here at their summer meeting. "It's important to be open about this as you go forward," said South Dakota Insurance Director Darla Lyon at the National Association of Insurance Commissioners' summer meeting.

William Hager, president and chairman of the Boca Raton, Fla.-based NCCI, first announced the possibility of NCCI becoming a for-profit organization at the group's annual meeting in April. (See NU, April 8, page 2.) Meeting attendees, including regulators, had many questions regarding the benefits of such a change. "You need to explain this so we can understand the purpose, and...

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