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October 22, 2007
 
Print Verion of All Articles in Oct. 22 ICI
Print out this file for all the text in the current issue....
 
Ross Replaces Departing Linda Watters as Michigan Commissioner
Linda Watters is stepping down as commissioner of the Michigan Office of Financial and Insurance Services at the end of the month and Ken Ross was named acting commissioner....
 
IMSA Working on Clearinghouse That Would Streamline Suitability Certifications
The Insurance Marketplace Standards Association is building a new system that could help life insurers obtain certifications that their third-distributors are supervising the suitability of annuity sales....
 
Best Practice: Compare Your SAR Procedures Against These Suggestions from FinCEN
The Financial Crimes Enforcement Network has provided a list of errors it wants companies to avoid when filing suspicious activity reports....
 
Treasury: Take Special Precautions with Iran
Insurers and other financial services organizations are being told to use special precautions to counter possible money laundering and terrorist financing when dealing with Iran....
 
Report from AIA, RAA Seeks Subsidies for Coastal Property Insurance
Two trade groups are suggesting the country can fix at least some of the coastal property insurance problems by providing subsidies that low- to moderate-income homeowners....
 
Country Will Have Its Terrorism Risks Covered, Once House, Senate Agree
It looks like the Terrorism Risk Insurance Act may be extended after all. All that has to be done is for both houses of Congress to put aside their enormous differences and agree to a bill that the White House won’t veto....
 
Rules, Regs & Bulletins Oct. 22, 2007

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