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April 20, 2009
Print Version of All Articles in April 20 ICI
Print out this file for all of the text in the current issue....
Ohio Wants Insurers to Use ACLI Annuity Disclosure Templates
Ohio is encouraging life insurers to voluntarily use standard annuity disclosure templates under terms of a new year-long pilot program....
New York Wants Allstate CDS Info After CEO Admits Company ‘Was Happy to be Unregulated’
Insurance superintendent wants information about Allstate credit default swaps....
Latest FINRA Sanction Could Mean Lost Variable Annuity Business for Some Insurers
Some companies may have to give back some of their variable annuity business as a result of a recent sanction by the Financial Industry Regulatory Authority....
MetLife, NASAA, AARP Join Rule 151A Lawsuit
MetLife and two others have filed an amicus brief in a federal lawsuit that supports the SEC in its position that equity indexed annuities are securities....
Using Old Tax, Fee Rates Leads to Sanctions for 67 Maryland Auto Insurers
Auto insurers in Maryland have been fined $235,000 and paid nearly half a million in restitution for widespread mishandling of total-loss vehicle claims....
John Hancock Settles 20th Century Bias Suit
John Hancock is settling a class action lawsuit that alleged it discriminated against black Americans in the sale of life insurance policies prior to the 1960s....
FTC Rule Would Require Disclosure of Health Data Breaches
The Federal Trade Commission is seeking public comment about a proposed rule that would require that consumers be told when their electronic health information is breached....
New Hampshire Seeks Sanctions for Insurance Sales
New Hampshire is seeking to take legal action against a health insurer, third-party administrator and a sales manager for alleged illegal activity in the sale of health insurance....
Rules, Regs & Bulletins April 20, 2009
A summary of recent regulatory developments and legislation....
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