Archive: General Compliance
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Aug 20, 2009
No CommentsTechnology is Helping Insurers Deal With the Higher Level of Regulatory Activity
Insurance compliance professionals are well aware of the challenges presented by the regulatory environment in the US. The fact that there is a different set of laws and regulations that an insurer must comply with in each jurisdiction in which they do business (in addition to federal laws) means that ensuring overall compliance with all...
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Aug 06, 2009
No CommentsTop Ten Hot Spots for Examiners
Compliance with regulatory requirements continues to present challenges to insurers during the market conduct exam process. Key hot spot areas in which these challenges and potential problems exist can be found by looking at our recently released “Top Ten” lists from 2008. Developed through a review and analysis of the market conduct exam content from...
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Aug 03, 2009
No CommentsWeb Seminars: Timely and Informative
Over the past several weeks, as I have been preparing for our upcoming web seminars focusing on key legislative and regulatory developments, it was interesting to analyze the many changes in insurer requirements taking place in 2009. In taking stock of all these changes, I thought of a few items to share with you. Viatical...
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Jul 30, 2009
No CommentsRed Flags Rule and Insurers: Now you have more time to get ready for Red Flags
The Federal Trade Commission’s Red Flag Rules, have further delayed the enforcement date for compliance by financial institutions and creditors, extending it to November 1, 2009. The additional delay provides an opportunity for the FTC to offer an “Expanded Business Education Campaign on ‘Red Flags’ Rule.” Small business and other entities will benefit from the...
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Jul 06, 2009
No CommentsModel Audit Rule: Changes Coming Your Way
The financial services industry is certainly in the forefront of significant activity at the state and federal levels, with insurance regulators, industry associations, Congress, and consumer groups all reacting to a combination of economic conditions, bailout funds, and uncertainty. While much of the current activity is tied to and is, in part, indicative of reaction...
