Archive: Life & Annuities
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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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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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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...
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Oct 13, 2009
No CommentsLHCA: An Iowa Opportunity
The Life and Health Compliance Association has an informative agenda planned for everyone at their “Harvest the Knowledge” themed 93rd Meeting of the LHCA in Des Moines, Iowa from October 28th through the 30th. In addition to the traditional, and very much anticipated, opportunity to submit questions in advance for discussion with industry colleagues during...
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Sep 28, 2009
No CommentsState Filing: Key Updates this Year
Insurance professionals involved in regulatory compliance no doubt are keenly aware of the myriad of statutes and regulations promulgated by most jurisdictions this year that affect the insurance products a company offers. And, for those responsible for maintaining compliant policy forms and the rates and rules used to price them, keeping pace with changes most...
