What NAIC Credit Insurance Model Act - Consumer Credit Insurance: Eligibility Requirements, Coverage Limits, Premium Rates, Termination Provisions, Claims Procedures, Loss Ratio Standards and Commissioner Review Authority requires
This model act establishes uniform standards for credit insurance policies tied to consumer loans, requiring insurers to meet eligibility criteria, adhere to maximum premium rates, maintain minimum loss ratios, and follow prescribed claims and termination procedures. Applies to insurers and creditors offering credit life, disability, accident, health, or unemployment insurance in connection with consumer credit transactions under Section 4 and Section 8.
Pillar: Insurance & Risk · Authority: National Association of Insurance Commissioners (NAIC) · Version: 1.0.0 · Last updated:
Primary source: https://content.naic.org/sites/default/files/MO370.pdf
SHA-256 integrity: 8c17ca56a81409ef1aa47a15e9f315cd3e307edab78fce01a76bdb76f5c02604
Primary Citations — 5 traced to source
- NAIC Credit Insurance Model Act, https://content.naic.org/sites/default/files/MO370.pdf, Section 4, 2023
- NAIC Credit Insurance Model Act, https://content.naic.org/sites/default/files/MO370.pdf, Section 6, 2023
+ 3 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/us-naic-credit-insurance-model-act.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/us-naic-credit-insurance-model-act.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/us-naic-credit-insurance-model-act
- Back to registry: Browse all 10,090 compliance nodes