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June 23, 2008
 
Print Version of All Articles in June 23 ICI, Part 1

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

 
Print Version of All Articles in June 23 ICI, Part 2
Print out this file for the text of selected articles in the current issue....
 
Court Ruling Points to Conflicts When Insurers Pay Disability Benefits, Administer Plans
An insurer can provide disability benefits for companies, or it can administer their benefit plans, but an insurance company that serves in both capacities has a conflict of interest. The ruling came in a recent Supreme Court decision....
 
Pennsylvania Life Must Offer Restitution, Beef Up Compliance Program For Wisconsin Annuity Sales
Pennsylvania Life is paying nearly $1 million to settle allegations that its some of its sales force made unsuitable annuity sales in Wisconsin, mostly to seniors....
 
SEC to Consider When Indexed Annuities Are Securities
The SEC will soon consider a proposed rule that may settle the debate over when indexed annuities should be treated as securities....
 
Three States Issue Appeals Following Midwest Floods ...
Illinois, Indiana and Iowa are asking insurance companies to be sympathetic toward policyholders affected by the Midwest floods. Iowa is only requesting that insurers provide some leeway for their customers, but Illinois and Indiana have both issued moratoriums on cancellations and nonrenewals....
 
... As Maryland, Connecticut Bulletins Discuss New Condo Rules, Health Claims Payments
Maryland and Connecticut have issued bulletins to tell insurers how they may be able to avoid problems with claims....
 
Florida Supreme Court Declines to Intervene in Allstate Document Case
It looks like the Florida Supreme Court has written the final chapter in the saga of the long, and sometimes bitter, dispute between Allstate and the Florida Office of Insurance Regulation....
 
AIA: New York Auto Insurance Market Is Fine, Despite Consumer Groups’ Contention State Should Step in to Lower Rates ...
Consumer groups are using $4-a-gallon gas prices to press New York to force auto insurance companies to lower their rates. But an industry trade group says insurers are already doing that and there’s no need for state interference with the marketplace....
 
... As New York Lawmakers Eye Vehicle Flex Rating
The New York legislature could soon pass a bill that would allow flex rating for auto and homeowner insurance....
 
Rules, Regs & Bulletins June 23, 2008

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