Posts Tagged: Market Conduct
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Jan 11, 2012
No Comments2011 Regulatory Trends Web Seminars: A Year End Look at Regulatory and Market Conduct Activity
These “Regulatory Trends” web seminars take a look at not only 2011’s key legislative and regulatory changes, but also some recent market conduct enforcement actions. From managing regulatory changes to addressing market conduct exams and enforcement actions, the insurance industry dealt with multiple compliance challenges last year. The recordings are available for Property & Casualty, Life & Annuities, and Health. Click here to...
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Dec 22, 2011
No CommentsThe “Right Name” is on it…Right?
Insurers’ names appear on many and varied forms of correspondence including policies, claim forms, letterheads and premium notices. However, making sure that the right (i.e. correct) name is displayed on those documents can be a challenge. California market conduct exams across multiple lines of business have indicated violations of Insurance Code §880 which provides that...
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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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Aug 11, 2011
No CommentsTAX – A Confusing Three Letter Word in Auto Claim Settlements
Generally speaking, we don’t like taxes or for that matter, tax questions. Who does? But we’ve recently seem a number of issues concerning the inclusion of taxes in automobile total loss claim...
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Jun 10, 2011
No CommentsLife Insurance- “Examining” the Exams
Life insurance market conduct exams, when looking in on just one state’s activity, often echo many of the frequently observed compliance challenges including underwriting, claims, policy replacement and producer issues, generally seen on a perennial basis across multiple states. Performing an “examination” of recent Maryland market regulation actions can provide us insight into many of...
