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September 1, 2008
 
Print Version of All Articles in Sept. 1 ICI

Print out this file for all of the text in the current issue....

 
Health Net Forfeiting $41 Million After Underpaying Out-of-Network Claims, Using Lax Compliance Procedures
A health insurer is paying $41 million in fines and restitution for underpaying out-of-network claims for more than a decade – and for not being entirely forthcoming with a state insurance department and using poor compliance practices....
 
Florida Examines STOLI Schemes; California Bill Would Rein Them In
Florida and California took a closer look at stranger-owned life insurance last week, and heard an insurance lobbyist urge that steps be taken to maintain the value of life insurance policies....
 
NAIC, Iowa Expected to Approve New Senior Designation Rules
Life companies may get further clarification about how to use senior designations this month. The NAIC is expected to adopt a model regulation and Iowa will release two regulations of its own....
 
California Proposes Pay-As-You-Drive Auto Policies
Insurers may soon be able to offer a new, optional pay-as-you-drive auto policy in California that could provide insurers with a more accurate assessment of the actual use of a vehicle....
 
PCI Continues Lobbying for Flood Program Extension

With the National Flood Insurance Program due to expire at the end of the month, a property/casualty insurance trade group is pressing for an extension of the program....

 
Rules, Regs & Bulletins Sept. 1, 2008

A summary of recent regulatory developments and legislation....