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January 24, 2011
 
Print Version of Articles in Jan. 24 ICI , Part 2
Print out this file for text of selected articles in the current issue....
 
NAIC May Take On Regulatory Modernization During 2011
More efficient regulation is likely to come up at a meeting early next month in California when commissioners meet to set the NAIC’s 2011 priorities and agenda....
 
GAO: No Additional Regulatory Oversight Needed for Financial Planners
The report notes the consumer confusion caused by differing standards of care given by various classes of financial planners....
 
SEC Staff Report Recommends Fiduciary Standard for Broker-Dealers, Broker-Dealer Regulation
"The SEC should consider whether to harmonize the regulatory protections,” staffers say in report....
 
New York Legal Opinions Address ACORD, Homeowner Rates & Forms, Compensation Disclosures, Life Settlements
Agents cannot alter ACORD forms without the approval of the insurer that filed them. That’s one of the legal opinions recently released by the New York Insurance Department....
 
HHS Unveils New Anti-Fraud Rules
HHS has new rules to help it prevent and fight fraud, waste and abuse in claims for Medicare, Medicaid and the Children’s Health Insurance Program....
 
Print Version of Articles in Jan. 24 ICI, Part 1
Print out this file for text of selected articles in the current issue....
 
More Insurance Departments Show Signs of Pro-Business Leanings
The appointment of a former insurance company CEO to be the new South Carolina insurance commissioner continues a recent trend for states to be more pro-business in their regulation of the insurance industry....
 
Washington State Fines Chubb Subsidiaries $1.068 Million, Mandates Use of Remedial Compliance Plan
Half of the fine was suspended for three years, provided the company has no more violations....
 
NAIC Picks 2011 Committee Chairs
The new NAIC committee chairs and vice chairs includes a commissioner who is scheduled to leave office next month....
 
California P&C Lobbyist Sam Sorich Retires; Sektam Will Lead ACIC
Longtime industry lobbyist Sam Sorich has announced his retirement as president of the Association of California Insurance Companies....
 
President Obama Adopts Pro-Business Strategy
The president's the executive order requires all federal agencies to periodically review their rules and regulations and determine if they can be less burdensome and still serve their purpose....
 
Help Wanted – Jan. 24, 2011
The New York Insurance Department has an opening for a fraud investigator, and Markel Corp. and Hanover have compliance openings....
 
Insurance Regulations, Bulletins & Legislation – Jan. 24, 2011
A summary of recent regulatory developments and legislation....