Archive: Hot Topics
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Jan 28, 2010
No CommentsConsumer Protection: Interest in Seniors Continues
The states’ consumer protection interest continues to be focused on certain certifications or professional designations used by individuals when selling life insurance and annuities to seniors. While some states had provisions in place prior to the 2008 adoption by the NAIC of Model 278, the Model Regulation on the Use of Senior-Specific Certifications and Professional...
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Jan 26, 2010
No CommentsInsurers and Credit Information: Still an Issue in the States
Continuing its recent tradition, insurers’ use of credit information is still attracting attention in the states and maintains its status as a “hot topic”. With the nation’s economy as a backdrop, consumer groups and some regulators seek to find ways to mitigate the negative impact that less than optimal credit scores can have on insureds....
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Dec 15, 2009
No CommentsLife Settlements Regulation: Much Accomplished – More Ahead
This year has been witness to continuing state interest in defining and regulating the life settlement regulatory requirements. Many states, which had initially taken steps in prior years, strengthened existing requirements. Others adopted new provisions based on industry models available to them. Among the states with activity this year are Arkansas, California, Georgia, Idaho, Maine,...
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Dec 08, 2009
No CommentsHealth Insurers: Dependent Eligibility Changes Continue
In viewing health insurance coverage and the troubled economy together, some states acted this year to extend the eligibility options for many potential dependents, in many cases raising the upper age limit or removing the “unmarried” requirement for an older child. Several individual “snapshot” examples of state eligibility changes enacted or adopted in 2009, all...
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Oct 30, 2009
No CommentsDiscretionary Clauses in Disability Insurance Policies – Trick or Treat?
As we approach the end of October and one of our trendier holidays, I was thinking about what issues in disability insurance were also “trendy”. The prohibition of discretionary clauses in insurance policies came to mind. A discretionary clause in an insurance policy is a contract provision or language that gives discretionary authority to an...
