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The NAIC internal designation for the Annual Financial Reporting Model Regulation is MDL 205, where MDL stands for Model, and the number of the model rule is 205. [4] Because the regulation was issued by NAIC, which is not a federal agency with direct regulatory power, its adoption is on a state-by-state basis. [5]
NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization.
In 1972 the National Association of Insurance Commissioners adopted the HMO Model Act, which was intended to provide a model regulatory structure for states to use in authorizing the establishment of HMOs and in monitoring their operation. [10]
Those who participate in the AB12 program are considered non-minor dependents of the county in which they were placed into foster care. Foster youth are allowed to re-enter the program up until age 21 if they opted out earlier. [8] The AB12 program allows for two additional supervised independent living setting placements for non minor dependents.
Resilience is a key portion of the BIL, which appropriated $8.25 billion for wildfire management and $3.5 billion for FEMA’s Flood Mitigation Assistance Program. What it could mean for insurance ...
The Adoption Assistance and Child Welfare Act of 1980 (AACWA) was enacted by the US Government on June 17, 1980. Its purpose is to establish a program of adoption assistance; strengthen the program of foster care assistance for needy and dependent children; and improve the child welfare, social services, and aid to families with dependent children programs.
Following these reports in the late 1980s, the NAIC, faced with the threat of a federal regulatory system replacing the state system of regulation, announced its adoption of uniform financial regulatory standards to meet the need for a stronger regulatory system.
After nine years and nearly $350 million, USA TODAY confirmed just one exoneration resulting from a grant program to address untested rape kits. Testing forgotten rape kits could free the innocent ...
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