State Regulators Bristle At Short-Term Plan Rule’s Limits, Seek Flexibility

The lobby representing state insurance commissioners is bristling at the Biden administration’s proposal to limit the duration of the short-term plans to three months, saying such decisions should be left to state regulators that have authority over, and are more familiar with, local markets. If the departments will not scrap the draft rule, the final version should be tweaked to preserve state choice, the National Association of Insurance Commissioners (NAIC) tells HHS, and the Treasury and Labor Departments. Several other...