MGU-Carrier Relationships and AI

March 4, 2024

The NAIC’s model bulletin on carriers’ use of Artificial Intelligence Systems, adopted in December 2023, specifically sets out expectations that insurers will describe their processes for acquiring, relying on and performing due diligence on third-party AI systems in written programs for the responsible use of AI Systems.

Is an MGU or a broker considered a third party by the NAIC drafters?