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June 16, 2008
 
Print Version of All Articles in June 16 ICI

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

 
Best Practice: Address These Common Market Conduct Exam Errors

An industry consulting firm is advising insurers to look at claims when tightening up your compliance procedures. It was the most common error found during market conduct exams of property/casualty, life and health insurers last year....

 
Supreme Court Ruling Should Make It Easier for Insurers to Defend Adverse Action Notices
A Supreme Court ruling last week solidified its decision last year dealing with the term "willful violations" as it applies to adverse action notices sent under the Fair Credit Reporting Act....
 
NAVA Senior Suitability Panel Sees NASAA Model As Possible Solution for Designations ...
Regulators said at a recent industry meeting that the issues associated with senior investors remain a serious concern, and so vast that they’ll be with us for quite some time....
 
... As IMSA Makes Senior Protection Focus of Best Practices Workshop
Senior protection will be the focus of The Insurance Marketplace Standards Association's Compliance Best Practices Workshop later this year....
 
Insurers, NAIC Voice Limited Support for Federal Insurance Office, But Produce Long List of Concerns
It may seem a little strange, but it’s true. The NAIC told a congressional hearing last week it supports a federal role in insurance regulation. But the group, along with industry and state lawmakers, see problems with the proposal....
 
Lucido Is New Compliance Chief at MassMutual
Bradley Lucido is the new chief compliance officer at MassMutual....
 
Computer Error Leads to Sanction for Liberty Mutual
A computer glitch at Liberty Mutual has led to a $25,000 fine and an order to return nearly $440,000 in premium overcharges....
 
Rules, Regs & Bulletins June 16, 2008

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