Posts Tagged: Legislative Activity
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Dec 21, 2009
No CommentsState Legislatures: A Look at Some Pending Proposals
With so much media focus on all the health care reform debates and political discussion on Capitol Hill recently, it’s easy to overlook some of the ongoing state legislative activity. Earlier this month Michigan introduced multiple automobile insurance consumer protection bills including ones addressing no-fault rate approvals, tort recovery, automobile insurance policies cancellations and premium...
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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 15, 2009
No CommentsConsumer Protection Dominates Adverse Action Regulation in 2009
Property & casualty lines insurers witnessed multiple changes this year concerning cancellations, nonrenewals, and renewals of personal and commercial lines policies. These changes generally involved providing for additional regulatory structure around this underwriting function including consumer disclosures, and permitted or prohibited reasons. Some specific examples of such activity this year can be found in the...
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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 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...
