Broker Regulation

Insurance Department Director Michael McRaith is leaving in June to take a post in the President Barack Obama's administration.

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State insurance regulators delayed for at least four weeks action on a resolution that would support the demand by insurance agents for an exemption from the medical loss ratio (MLR) provision of the health care reform law.

Members of Congress and state insurance regulators are weighing whether to exempt agent and broker commissions from medical loss ratio calculation.

The Department of Health and Human Services introduced new regulations that guarantee students enrolled in their college or university's health insurance would be covered under the consumer protections.

Senate Republicans tried to repeal the recent health care reform legislation but were defeated in a 47-51 vote on Wednesday, though they anticipated the move to fail.