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November 22, 2010
 
Print Version of All Articles in Nov. 22 ICI

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

 
New York Supreme Court Ruling Gives Boost to STOLI Transactions

The American Council of Life Insurers says the court’s ruling runs counter to three centuries of English and U.S. court rulings....

 
Lots of Talk, Little Accomplished at NCOIL About Crash Parts, Repair Steering

The group also head more about NAIC’s upcoming credit score data call....

 
NCOIL OKs Model Laws for RAAs, Life Insurance Disclosures

The Life Insurance Consumer Disclosure Model Act would have insurers provide alternatives to giving up a life insurance policy for older or ill policyholders....

 
NCOIL Model Would Regulate Collection, Use of MCAS Data

One significant amendment lowers the threshold for insurer participation to bring the model in line with NAIC reporting....

 
Acadia Fined for Improper Automobile Property Claim Settlements
The company had factored in depreciation, when the settlement amount should have been the cost of the repair or replacement....
 
A Lone Voice Crying Out in the Wilderness Leads to $148,000 Claims Settlements
An insurer insurer paid to have 985 intrauterine devices implanted, but disapproved paying to have them removed....
 
Help Wanted – Nov. 22, 2010
A new job posting this week: A Washington, D.C. carrier is seeking a senior compliance analyst. Also, First Nonprofit Insurance Company continues looking for a regulatory filing/compliance analyst and other companies also have open positions....
 
Insurance Regulations, Bulletins & Legislation – Nov. 22, 2010
A summary of recent regulatory developments and legislation....