Mission Statement:

In a regulated industry where “compliance matters”, we provide information and insight on the laws and regulations affecting the business of insurance. We promote healthy discussion and dialog on the rapidly evolving federal and state regulatory insurance arena.

Vision:

The Regulatory & Legislative Interest Group strives:
• To be the first place Society members choose to learn about proposed or recently enacted insurance laws and regulations.
• To be recognized within the Society as one of the premier Interest Groups.
• To provide relevant regulatory information about all countries including those that may impact the United States marketplaces.
• To be a trusted source of information about the various United States insurance markets.
• To provide a forum for discussion on pertinent regulatory or legislative issues.

Eric was honored recently by the Insurance Regulatory Examiners Society (IRES) as he received the Al Greer Achievement Award at IRES' annual 2011 Career Development Seminar (CDS). Al Greer was one of the original state insurance examiners who had the vision to establish the Insurance Regulatory Examiners Society in the late 1980s. Eric achieved the Al Greer award due to his knowledge of the industry, his overall demeanor, his willingness to help others and his dedication to continued professional growth and study. He has been a resource within IRES, the CPCU Society, other industry groups and to all regulators and insurance industry. He has helped many people who have attended the IRES CDS and he was able to motivate others to action based upon his attitude and actions. In this manner he became an inspiration to others, gained the respect of many and embodied the spirit of Al Greer in being a role model.

On behalf of the Regulatory & Legislative Interest Group Committee, we congratulate Eric on his achievement and wish him continued success.

Celebrating 20 Years!  "Regs and Legs" was founded in 1990 at an NAIC Meeting by John Benton then of Transamerica, Richard Rogers then of the Illinois Department and John Reiersen then of Eagle Insurance Group.  The section was not formally certified by the CPCU Society until 1991.  In the early years interest group committees were known as sections. 

A rare opportunity occurred at the Insurance Regulatory Examiners Society (IRES) annual Career Development Seminar held in Minneapolis from July 31-August 2, 2011.  Four prominent members of the Regs and Legs Interest Group Committee were in one room at one time.  Pictured from left to right are John Reiersen, founding father of Regs & Legs, Eric Nordman, Co-Chair 2001-2007, Vance Gudmundsen, Chair 1994-2001, and Joe Bieniek, Chair since 2008.  John and Eric were the Regs and Legs newsletter Editors for nearly the entire history of the interest group.  (Click here for a full list of past Committee Chairs)

As the global economy continues to emerge from the market turmoil of recent times, there is significant focus and attention on Capitol Hill regarding federal legislation that will have a profound impact on our industry.  As Congress continues to wrestle with far-reaching issues ranging from health care, consumer protection and financial services oversight, it is important to reflect on how “compliance matters” in our profession. 

To monitor legislation in these ever-changing times, the below links are provided for your convenience – and curiosity!

House Committee on Financial Services

Senate Committee on Commerce, Science and Transportation

Senate Committee on Banking, Housing & Urban Affairs

Here is a link to a 2011 Legislative Calendar (maintained by the National Conference of State Legislatures) 

In addition, additional regulatory and legislative links are available here on the RLIG site

Congratulations to the Regs & Legs Interest Group for achieving Gold for three consecutive years (2009, 2010 and 2011)!

Click here for more information on the CPCU Society's Circle of Excellence Program.