Posts Tagged: NAIC
-
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,...
-
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...
-
Apr 01, 2010
No CommentsWhat were people talking about at the NAIC Spring meeting? Annuities, Climate Risk, Health Care Reform…
The NAIC’s Spring meeting in Denver last week offered several informative sessions. As anticipated, many discussions focused on “hot topics” currently facing the insurance industry including the marketing of annuities, policy form readability standards, the Climate Risk Disclosure Survey, and issues affecting seniors such as long-term care insurance and Medicare Supplement insurance. Some highlights for...
-
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...
-
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...
