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Sept. 1, 2014
 
Print Version of Articles in Sept. 1 ICI
Print this file for text of articles in the current issue....
 
Federal Appeals Court Again Upholds Use of Retained Asset Accounts
Insurers can use RAAs when the retirement plan either expressly permits them or doesn't prohibit their use....
 
Louisiana Suing State Farm Over Auto Repairs; Seeks to Change Culture of Industry’s Unsafe Business Practices
There could be consequences far beyond State Farm; Caldwell said he intends to change the culture of unsafe business practices in the auto insurance and repair industry....
 
Florida Imposes New Disclosure Requirements on Some Life Policy, Annuity Surrenders
The disclosures will be required when agents recommend surrendering annuities or life insurance policies containing a cash value and no replacement is recommended....
 
$300 Million AML Fine for Noncompliance
Since 2012, the bank has been fined $967 million for AML noncompliance....
 
Transamerica Rebranding Includes Renaming Four Carriers
Most of the rebranding should be completed later this year....
 
Insurance Regulations, Bulletins & Legislation – Sept. 1, 2014
Our exclusive roundup of recent regulatory developments and legislation...