Posts Tagged: NAIC
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Oct 24, 2011
No CommentsP&C: “View from the Top”
One of the sessions that most interested me at the recent AICP national conference was titled “View from the Top.” The registration description promised a discussion of “the latest insurance trends and vital issues from leaders in insurance regulation” and that is exactly what was delivered. One session covered life, health and annuity topics and...
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Apr 05, 2011
No CommentsNAIC Implements MCAS Process Changes
As of January 2011, nearly all states participate in the NAIC Market Conduct Annual Statement (MCAS) market conduct data collection tool. Begun in 2002, with 8 participating states collecting life and annuity data, the program now encompasses property and casualty data collection along with life and annuity . . . Think of it as...
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Feb 24, 2011
No CommentsTime To Get To Know Your Customer
On November 17, 2010, the SEC approved the Financial Industry Regulatory Authority’s (“FINRA”) proposal adopting rules governing Know Your Customer (FINRA Rule 2090) and Suitability (FINRA Rule...
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Feb 21, 2011
No CommentsInsurance Model Audit Rule: It’s Here
The NAIC’s Model Audit Rule became effective on January 1, 2010, with the actual first “round of reporting” to be submitted in 2011 for calendar year 2010. While the financial services industry as a whole was certainly in the forefront of significant activity at the federal levels last year with enactment of the Dodd-Frank bill,...
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Dec 22, 2010
No CommentsAs Year Winds Down, Activity Gears Up On Health Care Reform Regulation
End-of-year action from the NAIC and HHS on healthcare reform foreshadow busy work ahead in the New...
