Ins Groups Make E-Commerce Recommendations
Thursday, February 10th, 2000 Risk Management TechnologyThree leading commercial insurance industry trade associations this week proposed a set of 12 key principles to guide lawmakers and policymakers in defining the government’s role in electronic commerce. It is the first time the commercial insurance industry has endorsed a comprehensive set of e-commerce principles, sponsors said. The American Insurance Association (AIA), The Council of Insurance Agents & Brokers (CIAB or The Council) and the Reinsurance Association of America (RAA) said in their proposal that the first requirement of government policy toward the Internet should be to “do no harm” and should be based on three fundamental objectives. Those objectives are: • to protect the integrity of all aspects of the e-commerce system; • to promote competition by providing open markets; and • to ensure regulatory efficiency and support efforts to maximize system efficiency.
