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March 8, 2010
 
Print Version of All Articles in March 8 ICI, Part 1
Print out this file for text of selected articles in the current issue....
 
Print Version of All Articles in March 8 ICI, Part 2
Print out this file for text of selected articles in the current issue....
 
Zurich American Fined for Agent, Adjuster Errors ...
Three Zurich companies will pay $235,000 in fines for having unlicensed agents and adjusters and other errors found during market conduct exams....
 
... As Feds Suspend Medicare Part D Carrier ...
Fox Insurance Company has been ordered to stop marketing and enrolling new members in its Medicare Part D prescription drug plans....
 
... And American Equity Investment Reaches Settlement with SEC on Proxy Statements
An insurer will have to undertake remedial measures to settle an SEC inquiry into proxy disclosures it made in 2006, but won’t have to pay a fine....
 
UPDATED: New Mexico Superintendent Returns to Work After Being Placed On Administrative Leave
UPDATED: New Mexico insurance superintendent Mo Chavez was placed on administrative leave Jan. 28, with no reason has been given for the action. He resumed his duties Monday...
 
FinCEN Clarifies Expectations for Beneficial Ownership of Accounts
Federal regulators want financial services companies to obtain beneficial ownership information for certain accounts and customer relationships....
 
Two More States Drop Out of Climate Survey
Mississippi and South Carolina apparently won’t be participating in the NAIC’s upcoming climate change data call....
 
Flood Insurance Renewed For Another Month
The National Flood Insurance Program was out of commission for two days last week before Congress extended the program for another four weeks....
 
NAIC Announces 2010 Consumer Reps
The NAIC has named 18 funded and 10 unfunded consumer liaison representatives for 2010....
 
Rules, Regs & Bulletins March 8, 2010
A summary of recent regulatory developments and legislation....