A House health-care panel approved legislation that would prohibit life-insurance, long-term care insurance and disability-insurance companies from using customers’ genetic information in changing, denying or canceling policies.
Read moreNew IUL products featuring “multipliers” or “bonuses” prompted the IUL Illustration Subgroup to consider changes to Actuarial Guideline 49. During a Monday conference call, one regulator called for “a total rework of AG 49 from the ground up.”
LIMRA and LOMA are offering a comprehensive training program to help sales professionals and home office employees understand and comply with New York Regulation 187.
The United States House of Representatives Committee on Financial Services and the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a hearing Thursday morning examining the Securities and Exchange Commissions proposed Regulation Best Interest rule.
A National Association of Insurance Commissioners’ task force will collect data from several insurers over the coming weeks as part of its effort to establish a uniform long-term care rate review process.
Massachusetts Gov. Charlie Baker sent a letter Tuesday to Secretary of the Commonwealth William Galvin urging him to defer action on proposed fiduciary regulation. The proposal creates “confusion,” and ignores other state and national regulatory efforts, Baker wrote.
If the A Committee formally adopts the reworked annuity sales model next week, as expected, then it will go to the National Association of Insurance Commissioners’ Executive Committee and Plenary for final approval. States will then be able to adopt the new rules in 2020.
Superintendent of Financial Services Linda A. Lacewell today announced the appointment of My Chi To as executive deputy superintendent of…
A significant split opened up this week on applying tightened indexed universal life insurance illustration rules to in-force policies….
Insurance commissioners tabled a proposal today to create a Life Insurance and Annuity Illustration Working Group to complete a comprehensive and coordinated review of annuity and life insurance illustrations. The proposed working group would coordinate illustration issues, particularly with indexed products, across annuity and life insurance.
“Mr. Lindberg has asserted from the outset that the allegations about his insurance companies and him are false and is pleased that Mr. Freeh and his team to have agreed to take on this assignment,” a spokesperson for Mr. Lindberg stated. Mr. Lindberg started a small health insurance compliance and reimbursement newsletter business with $5,000 in 1991 that became…
A Wisconsin- based company has been fined $100,000 and barred from selling insurance policies in Washington after it sold policies to gun owners promising to pay legal costs if they were involved in a shooting, according to the Washington state insurance commissioner. The problem: It is illegal in Washington state to insure criminal activity.
