John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors.
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Norwood spoke to the Insurance Journal about legislation and regulation, including a proposal by a consumer advocacy group that would establish prior approval for healthcare insurance and would make major changes to auto insurance and homeowners insurance in California, Norwood said.
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Health insurance, of course, is another top item on Norwood’s radar screen.
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Chief among health insurance issues on the horizon in California is the Health Benefits Exchange Board, which has monthly meetings, and that’s something of which Norwood his colleagues are a regular part.
“We’re looking at how they’re trying to set up and establish that exchange,” he said. “And some of what the exchange is doing will affect legislation, because there’s certain current statutes and things that have to be changed to comply or to parallel what’s going on with the exchange in federal law. So we’re paying close attention to that, because it has the potential of affecting what role agents and brokers play in health-care delivery from now on and what their compensation could be.”
http://www.insurancejournal.com/news/west/2012/02/06/234371.htm
Hat tip: Insurance Journal (with video embed)
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