Sample legislation developed by the National Association of Insurance Commissioners (NAIC). States may adopt a model bill exactly as written or use it to develop their own laws.
***
A bill drawn up for insurance regulatory purposes by the National Association of Insurance Commissioners with the recommendation that it be implemented by the states.
Insurance Encyclopedia
Model Life Insurance Solicitation Regulation
Official rule adopted by the National Association of Insurance Commissioners (NAIC) in 1976 requiring insurers to give consumers information that will improve their ability to select the most appropriate life insurance plan to meet their needs, an understanding of the basic features of the policy that is purchased or is being considered, and the ability to evaluate the costs of similar plans of life insurance.
Model Rules
Specimens produced by the OPB and/or the Inland Revenue for certain categories of pensions to facilitate approval and/or the issue of a contracting out certificate or an appropriate scheme certificate.
Model Rules Governing the Advertisement of Life Insurance
National Association of Insurance Commissioners (NAIC) model law that provides a set of complete guidelines that covers almost all aspects of advertisements for life insurance policies and annuity contracts.
Model Unfair Trade Practices Act
National Association of Insurance Commissioners (NAIC) model law that forbids unfair trade practices such as defamation, rebates, unfair discrimination, and unfair claim settlement. The law prohibits any form of advertising that is false, deceptive, or misleading.
moderate complexity (MC)
Phrase used to describe a type of medical decision-making when a patient is seen for an E/M service. Medical documentation must consist of multiple diagnoses or management options, a moderate amount of data or complexity of data to be reviewed, and a moderate risk of complications and/or morbidity or mortality.
Moderate pain
In a workers’ compensation case, pain that would be endurable but would cause marked handicap in the performance of the activity precipitating the pain.
Moderate sedation
Also called conscious sedation .
Moderate severity presenting problem
In CPT coding of a service or procedure, this is a problem where the risk of morbidity without treatment is moderate. There is moderate risk of mortality without treatment and uncertain prognosis or increased probability of prolonged functional impairment.
Modern Portfolio Theory (MPT)
The fundamental concept behind MPT is that the assets in an investment portfolio should not be selected individually, each on their own merits. Rather, it is important to consider how each asset changes in price, relative to how every other asset in the portfolio changes in price. Investing is a trade-off between risk and expected return. In general, assets with higher expected returns are riskier. For a given amount of risk, MPT describes how to select a portfolio with the highest possible expected return. Or, for a given expected return. MPT explains how to select a portfolio with the lowest possible risk (the targeted expected return cannot be more than the highest returning available security, of course, unless negative holdings of assets are possible. MPT is a form of diversification and explains how to find the best possible diversification strategy.