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October 18, 2010
Print Version of All Articles in Oct. 18 ICI

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

NAIC Will Refine RAA Model Bulletin; NCOIL Vows to Adopt Model Law Next Month

A preliminary survey by the NAIC has found that insurers generally are using appropriate business practices when using retained asset accounts....

California’s Iran Investments Rule Overturned

The Office of Administrative Law ruled the contested rules were regulations that should have been, but weren’t, adopted properly....

Pilot Program May Be Template for Chinese Drywall Settlement

The program will remove problem drywall and rebuild up to 300 homes in Alabama, Mississippi, Louisiana and Florida....

Florida Alleges Carrier Used Misleading Ads, Unappointed Agents, Unfiled Policies

The American Medical and Life Insurance Company has been told to explain why Florida shouldn't revoke its license....

Zurich, Farmers Paying Big to Settle Fees Lawsuit

The lawsuit alleged that the fees paid by three policyholder-owned California insurance exchanges were improper....

Health Net Companies Fined $1.9 Million for Claims, Disclosure Errors

Health Net of New York, Inc., and Health Net Insurance of New York admitted that their forms violated the law from October 2003 to September 2008....

FinCEN Tells of Plans for New SAR Database

The Financial Crimes Enforcement Network is streamlining its operations to make it easier to find its regulations and to file suspicious activity reports....

Robertson Named Indiana Insurance Commissioner

The new commissioner has been at the department since 2008....

Help Wanted – Oct. 18, 2010

Aflac, Assurity Life and Transamerica Life are all seeking compliance pros, Capstone is working for an insurer who needs a new CCO, and Oct. 22 is the deadline to apply to be the next Virginia insurance commissioner....

Insurance Regulations, Bulletins & Legislation – Oct. 18, 2010

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