NAIC revises model reg to reflect Medicare Prescription Drug law.(Regulation)(National...

THE NATIONAL ASSOCIATION OF Insurance Commissioners recently adopted revisions to a model regulation to implement changes brought about by the new Medicare prescription drug law.

On Dec. 8, 2003, the Medicare Prescription Drug, Improvement Modernization Act of 2003 was signed into law by President Bush, necessitating changes in state insurance regulations.

The revisions to the Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act were adopted electronically by the NAIC on Sept. 8, successfully meeting a statutory de