Model Act definition

Model Act means the NAIC Long-Term Care Insurance Model Act, Model #640, as adopted by the NAIC on September 1, 2000 and as subsequently amended.

Model Act means the Risk-Based Capital (RBC) for Insurers Model Act as prepared by the NAIC and included in its Model Laws, Regulations and Guidelines as of June 6, 2005 and as hereafter amended, modified or supplemented.

Model Act means the Risk-Based Capital for Life and/or Health Insurers Model Act and the rules, regulations and procedures prescribed from time to time by the NAIC with respect thereto, in each case as amended, modified or supplemented from time to time by the NAIC.

Examples of Model Act in a sentence

• Under sections 7702B(b)(1)(F), 7702B(g), and 4980C, qualified long-term care insurance con- tracts and issuers of those contracts are required to satisfy certain provi- sions of the Long-Term Care Insurance Model Act (Model Act) and Long-Term Care Insurance Model Regulation (Model Regulation) promulgated by the National Association of Insurance Commissioners (NAIC), as adopted as of January 1993.

• It may be necessary to include additional language in the Minimum Standards Model Act that recognizes the applicability of this preexisting condition rule to Medicare supplement policies and certificates.

• Drafting Note: States that have adopted the NAIC Individual Accident and Sickness Insurance Minimum Standards Model Act should recognize a conflict between Section 6B of that Act and this subsection.

• The State process must require that IROs maintain written records and make them available upon request to the State, substantially similar to what is set forth in section 15 of the NAIC Uniform Model Act.

• Drafting Note: If the state has adopted the Producer Licensing Model Act, it may not be necessary to adopt this section.

More Definitions of Model Act

Model Act means the NAIC Risk-Based Capital (RBC) for Insurers Model Act as included in the NAIC's Model Laws, Regulations and Guidelines as of June 15, 2006 and as hereinafter amended, modified or supplemented.

Model Act is defined in paragraph A.2.

Model Act means the District of Columbia’s Tobacco Settlement Model Act of 2000. D.C. Law 13-139; D.C. Official Code § 7-1801.01 et seq.

Model Act means the NAIC Risk-Based Capital (RBC) for Insurers Model Act as included in the NAIC’s Model Laws, Regulations and Guidelines as of April 12, 2006 and as hereinafter amended, modified or supplemented.

Model Act means the Risk-Based Capital (RBC) for Insurers Model Act as prepared by the NAIC and included in its Model Laws, Regulations and Guidelines, as last amended on November 6, 2011, and as hereafter amended, modified or supplemented.

Model Act means the Risk-Based Capital for Insurers Model Act as promulgated by the NAIC.

Model Act has the meaning set forth in Section 6.2(d) of this Agreement.