Archive: General Compliance
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Dec 27, 2011
No CommentsNew Year, New Product Filings
In the competitive property and casualty insurance market, underwriters must constantly keep an eye on product development in order to meet evolving consumer needs. In the past decade, policy language has been rewritten in response to diverse factors such as terrorism, the popularity of portable electronics and domestic partnerships. In some cases, existing policy language can be...
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Dec 19, 2011
No Comments“Other” Adverse Action Notice Requirements to Keep in Mind
Each year property and casualty adverse action notice compliance problems make it into the top 10 list of market conduct examiners’ criticisms. These issues include the requirements for days’ notice, mail type, permitted reasons and actual notice requirements needed on the face of the form or letter itself. We have written about these common issues...
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Dec 12, 2011
No CommentsUSPS Proposed Cuts Create Compliance Challenges
The United States Postal Service has battled huge deficits for years, caused by a combination of diminishing revenues and rising operational costs. I honestly cannot tell you the cost of a stamp today and my ever more expensive “forever stamp” offers no clue, but raising stamp prices has not done enough. The USPS recently made...
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Dec 05, 2011
No CommentsStatute of Limitations – The Times, They Are A Changin’
Statute of Limitations – the time that is set after an event that allows a legal proceeding to be initiated. Miss it when you are looking to file an insurance claim or lawsuit and you are out of luck......
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Nov 07, 2011
No CommentsLooking Forward, Moving Ahead, and Reflecting Back
As I look forward to my retirement...
