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November 10, 2008
 
Print Version of All Articles in Nov. 10 ICI
Print out this file for all of the text in the current issue....
 
Best Practice Tip: Oregon Regulators Look for These Red Flags to Spot Unsuitable Annuity Sales
Oregon is emphasizing the need to verify the suitability of annuity sales and providing a checklist of red flags for those purchases....
 
Bankers Life Will Change Compliance Practices in Deal with Oregon
Bankers Life and Casualty has agreed to review past annuity sales, refund premiums paid for some sales and pay a $150,000 civil penalty to settle Oregon charges that it sold annuities to persons who couldn’t afford them. It must also change its compliance practices to prevent future unsuitable sales....
 
Election Produces Few Significant Changes in Insurance Commissioner Ranks
Insurers will see a few new faces heading insurance departments following last week’s elections, but the controlling party retained regulatory control in most states....
 
Most State Insurance Web Sites Don’t Provide Adequate Information, CFA Report Says
States aren’t effectively helping consumers to buy home and auto insurance or to file and settle claims, according to a new report from the Consumer Federation of America....
 
Treasury Toughens Financial Restrictions on Iran
Although the developments don’t impact insurance companies directly, compliance professionals should be aware that the Treasury Department is tightening its financial screws on Iran....
 
Unemployment Is Getting Worse; Tell Us How You’re Doing in the ICI Compliance Salary Survey

Use the ICI Compliance Salary Survey to tell us how you're coping in the current economic environment....

 
Rules, Regs & Bulletins Nov. 10, 2008
A summary of recent regulatory developments and legislation....