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October 24, 2016
Insurance Regulations, Bulletins & Legislation – Oct. 24, 2016
Our exclusive roundup of recent regulatory developments and legislation....
Print Version of Oct. 24 ICI
Print this file for text of articles in the current issue....
Iowa Objects to ‘Misleading’ Medicare Supplement Solicitations
The lead generation cards mixed up Medicare and Medicare supplements, and contained several alleged factual errors....
California Worker’ Comp Law Requires New Coverage for Some Company Officers, Directors
The law applies to existing in-force policies and has a Jan. 1, 2017 effective date, presenting some compliance challenges for companies....
Report: Most Insurers Aren’t Addressing Climate Change Risks
Nearly two-thirds of the 148 insurers were given the two lowest ratings ratings – and health insurers, particularly, were cited as being largely unprepared to address the risks....
I.I.I. Report: Auto Claims Frequency, Severity Are Both On the Rise
An improving economy, a drop in the price of gasoline and more people going to work have more people behind the wheel and increasing the likelihood of accidents....
FINRA Seniors Rule Would Allow Telling Trusted Contacts About Financial Exploitation
Firms would add the name of and contact information of a trusted contact person on a customer’s account and could place a temporary hold on disbursing funds or securities....