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November 12, 2007
 
Print Version of All Articles in Nov. 12 ICI
Print out this file for all the text in the current issue....
 
FINRA Guidance for Variable Annuity Sales Has Something for Insurers, Too ...

There is plenty of information of interest to insurers and affiliated broker-dealers in a new FINRA rule covering deferred variable annuities....

 
... As SEC Executive Urges Insurers, Affiliates to Remain Vigilant for Abuses of VA Sales, Exchanges
The SEC remains concerned about the sale and exchange of variable insurance products, particularly when sold by those registererd broker-dealers who are primarily insurance agents....
 
New York Independent Agents Say Regional, Super Regional Carriers Are More Responsive to Their Needs ...
Size matters, but being a larger company doesn't mean you're any better when it comes to dealing with independent insurance agents....
 
... But Collision Repair Shops Cite ‘Strained Relationship’ with Insurers in Latest Market Survey
Auto insurers are making no friends with collision repair companies, according to the results of a recent auto repair industry poll....
 
Appeals Court Upholds State Farm’s Policy Language; Company Sues Over Settlement Agreement
The aftereffects of Hurricane Katrina continue to linger State Farm, at least in the courtroom. In New Orleans, a federal appeals court said State Farm’s anti-concurrent causation clause was clear enough to be enforced. Elsewhere, its attorneys were suing the Mississippi attorney general over Katrina claims....
 
Louisiana Lawsuit Accuses Insurers Of Systematic Price-Fixing
Louisiana has sued six property/casualty insurers and four affiliated companies for allegedly rigging the prices they paid for claims following Hurricane Katrina....
 
Republican Chaney Replaces Dale in Mississippi; R-67 Easily Approved in Washington
There were few surprises for insurers in last week’s mid-term elections. In Mississippi, Republican Mike Chaney won the election to be the next insurance commissioner, and Washington voters easily approved the R-67 insurance claims ballot initiative....
 
Job Announcement

A Virginia insurer is seeking a senior compliance specialist....

 
Rules, Regs & Bulletins Nov. 12, 2007

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