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December 9, 2013
Print Version of Articles in Dec. 9 ICI
Print this file for text of articles in the current issue....
Best Practice Tip: Track Viaticated Policies
New state report says life insurers, generally, don’t have a good handle on how many of their policies have been viaticated....
Florida Finds STOLI Protections Are Sufficient
Regulators not supporting five legislative proposals to address secondary market issues....
Markel Insurance Agrees to Pay New York $3.75 Million for Premium Overcharges
The carrier didn't meet minimum loss ratios – and apparently negotiated with brokers to keep them below state minimums....
Banner Life v. Noel Highlights Need for Precise Language in Insurance Application, Binder
There is a big take-away for insurers dealing with policy language....
Texas, Farmers Near Mold Liability Settlement
The proposed $117.5 million settlement would be one of the largest in state history....
Insurance Regulations, Bulletins & Legislation – Dec. 9, 2013
Our exclusive roundup of recent regulatory developments and legislation....